$ETH The Whale Awakens After 3 Months of Hibernation, Going Long on ETH with 25x Leverage

A big player has unexpectedly returned to the market after 3 months of hibernation with a Long ETH position.

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🔸 This whale is using 25x leverage to Long ETH with a total position value of about 15 million USD, equivalent to 5,063 ETH.

🔸 The liquidation price of this Long position is set at $2,882.84. Just a slight drop of about 3 to 4% from the current price will instantly wipe out this account.

🔸 The fact that a whale has been silent for 3 months suddenly making a strong Long bet with 25x leverage indicates they are heavily betting on the short-term reversal potential of ETH.

Using 25x leverage means that a price drop of just 4% could lead to account liquidation. Would you call this the action of a bottom-fishing Genius or a desperate Gambler?

The information in this article is for reference only and should not be considered investment advice. Please read carefully before making any decisions.