BREAKING
23d 14h ago
Ethereum Whale Opens 20x Long on 3,000 ETH Worth $9.62M at $3,208 Avg Entry
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COINOTAG News reports, citing HyperInsight, that a notable on-chain whale known as “30 Longs’ Persevering Whale” has established a leveraged long exposure on 3,000 ETH, using 20x leverage. The position totals about $9.62 million and carries an average entry price around $3,208.26.
High leverage on this Ethereum position signals a directional bet on its near-term trajectory, but it also elevates margin risk and liquidity sensitivity should volatility widen. Traders should monitor funding dynamics and order-book depth as this whale activity could influence short-term price action.
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