Whale Returns to the Market Dropping a $17 Million $ETH Position with 8x Leverage.

On-chain data show that a whale who closed a 7x-leveraged ETH long yesterday with a $3.34 million loss has re-entered the market within the past 30 minutes.

The whale opened a new ETH position worth $17 million using 8x leverage, signaling a renewed bullish conviction despite the prior setback. This aggressive move could influence short-term price action if momentum builds around the position. #whalealerts