1011 Insider Whale Closes 5x Leveraged ETH Long, Acquires 55,132 ETH Worth $198M

According to Hyperinsight via COINOTAG News, the 1011 Insider Whale recently closed a 5x leveraged ETH long, signaling a strategic shift in the whale’s risk posture. By midday, the trader had resumed exposure to ETH, purchasing 55,132 ETH tokens, valued at roughly $198 million at prevailing prices. The move underscores ongoing active management by a notable market participant and highlights the sensitivity of ETH liquidity to large-scale derivatives activity.

From a risk and market perspective, the fresh long-build by a recognized insider whale may support near-term price action while maintaining disciplined risk controls. While the data reflects on-chain and derivatives signals, investors should watch for corroborating evidence and ensure credibility of the reported figures, as such large allocations can influence funding rates and order flow.