Ethereum Whale Pension-Usdt.Eth Bets Big on ETH with 2x Leverage, Purchases 20,000 ETH at $3,040.92 Entry (Liquidation $1,190.66)

COINOTAG News, citing Lookonchain data, reports that the on‑chain wallet pension-usdt.eth has expanded its ETH long exposure by deploying 2x leverage, purchasing 20,000 ETH for a notional near $60.9 million at an entry price of about $3,041 per ETH.

The position carries a defined risk parameter, with the liquidation price set around $1,190.66, aligning potential downside with current price levels. This move underscores sustained demand from large holders for strategic ETH exposure, even as market liquidity and volatility warrant careful risk management.