Ethereum Whale Takes Profits: Long Position Now Down to 22,570 ETH After $189 Million Bet

ETH

ETH/USDT

$2,412.34

+0.56%

$2,412.34

+0.56%

(24s)

24h Volume

$15,520,150,360.81

24h H/L

$2,430.64 / $2,369.11

Change: $61.53 (2.60%)

Long/Short

66.1%

Long: 66.1%Short: 33.9%

Funding Rate

+0.0045%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,384.80

▼ -0.56%

Volume (24h): -

Resistance Levels

Resistance 3$2,534.44

Resistance 2$2,462.78

Resistance 1$2,393.65

Price$2,384.80

Support 1$2,382.07

Support 2$2,263.27

Support 3$2,194.82

Pivot (PP):$2,425.71

Trend:Uptrend

RSI (14):49.2

COINOTAG News, March 2nd – Recent data from ai_9684xtpa reveals that a significant player in the crypto market has begun to realize gains on their long position in Ethereum (ETH). This whale utilized a substantial 50x leverage on the Hyperliquid exchange, initially holding over 88,510 ETH, valued at approximately $189 million. As the market evolves, this trader has reduced their exposure, now maintaining 22,570 ETH in their long position. The vital liquidation price for this strategy was noted at $2,162.9. Such strategic profit-taking by seasoned investors often foreshadows potential market volatility, making it imperative for traders to closely monitor ETH price movements and sentiment shifts in the broader cryptocurrency landscape.