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

ETH

ETH/USDT

$2,108.19

+0.57%

$2,108.19

+0.57%

(24s)

24h Volume

$13,236,370,025.47

24h H/L

$2,146.95 / $2,077.23

Change: $69.72 (3.36%)

Long/Short

76.9%

Long: 76.9%Short: 23.1%

Funding Rate

+0.0030%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,103.91

▼ -1.23%

Volume (24h): -

Resistance Levels

Resistance 3$2,320.83

Resistance 2$2,210.91

Resistance 1$2,132.24

Price$2,103.91

Support 1$2,066.11

Support 2$1,942.29

Support 3$1,875.80

Pivot (PP):$2,116.66

Trend:Downtrend

RSI (14):33.2

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.