ETH Long Position Reaches $4.92B as BTC OG Insider Whale Adds 5x Leveraged Bet to 151,094 ETH
According to COINOTAG News, citing Hyperinsight, a BTC OG Insider Whale executed a rapid 5x leveraged ETH long within a 30-minute window, lifting the exposure to roughly 151,094.5 ETH. The estimated notional value sits near $4.92 billion, with an average entry price of $3,185.05. Unrealized profit is cited at about $10.5 million for the position.
Its occurrence underscores heightened risk appetite among large crypto participants and the sensitivity of ETH to liquidity conditions. Leveraged bets of this scale can magnify volatility, so traders should monitor ETH price action, bitcoin correlation, and broader market liquidity to gauge potential spillovers.
This report relies on monitoring feeds and may not be independently verified. Consider this context alongside official disclosures and multiple sources when assessing market risk.
