On December 7, a major Ethereum holder pension USDT ETH opened a leveraged long position of 20,000 ETH. The entry price for this trade was $3,040 per ETH, while the liquidation price was set at $1,190. This transaction has been monitored by the on-chain analysis platform Lookonchain. The whale used only 2x leverage, which shows that the position has been kept relatively safe. Such a large ETH long position signals bullish confidence in the market, as the whale believes in price recovery despite short-term volatility. Such moves often create positive market sentiment and can generate buying pressure in ETH.
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ETH
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