ETH Long Surges as 1011 Insider Whale Expands to 54,277 ETH at 5x Leverage (~$165M) With $580K Unrealized Profit

COINOTAG News, citing HyperInsight, reports that the “1011 Insider Whale” has expanded its ETH long position with fivefold leverage, now totaling 54,277 ETH on a notional of roughly $165 million.

The average entry price is about $3,048.31 per ETH, and the position shows an unrealized profit of around $580,000.

This on-chain signal highlights risk management considerations from sizeable participants, offering a data point for monitoring liquidity dynamics and sentiment within the Ethereum market.