Whale Alert: $12.61 Million ETH Long Position Established with 6 Million USDC Deposit

COINOTAG reports that significant movements in the cryptocurrency market were observed on April 15th, as indicated by LookIntoChain’s monitoring. A notable whale address executed a substantial deposit of 6 million USDC into Hyperliquid, strategically positioned to take a long position on Ethereum (ETH) using a 5x leverage. This trade embodies a total exposure of $12.61 million, currently reflecting an unrealized gain of approximately $29,812. The entry average price for this position was established at $1,624.44, highlighting the increasing interest in ETH at this price level. Investors should closely observe these whale activities, as they often indicate larger trends and potential market shifts. The ongoing dynamics continue to underscore the volatility and potential profitability present within the crypto landscape.