Andrew Kang Opens 25x ETH Long, Racking Up $2.72M Weekly Profit

COINOTAG News reported on October 22 that an associated wallet linked to a trader identified as Andrew Kang shifted from neutral cash to a bullish stance. The move indicates a perceptible shift in risk posture amid unsettled Ethereum market dynamics. The report notes a highly leveraged bet, with a 25x long exposure on ETH and a holding of 1,455 ETH, valued at about $5.6 million at current prices. The source claims this marks the sixth directional change over five days, yielding a weekly profit of approximately $2.72 million according to monitoring data.

Analysts caution that such aggressive leverage, while signaling conviction in the near term, can escalate price swings and liquidity risk. Readers should monitor ongoing whale activity and the evolving Ethereum liquidity backdrop, particularly as risk controls and margin requirements evolve across major exchanges.