Ethereum Trader Opens 10x Leveraged Long on $67M ETH, Unrealized Gains Reach $578K in 20 Minutes

COINOTAG News, on December 10, cites LookIntoChain data indicating a trader opened a long ETH position using 10x leverage on a $67 million notional within a 20-minute window.

The trade’s unrealized gains stand at over $578,000, highlighting the rapid P/L dynamics associated with highly leveraged ETH exposure.

Analysts note that such activity underscores the risk management and liquidity considerations inherent in ETH derivatives and broader crypto markets, rather than signaling a directional forecast.

These figures stem from telemetry provided by LookIntoChain and should be treated as market data, not investment advice.