ETH whale adds $8 million margin as linked wallets open 500 BTC long

A crypto whale tracked across linked wallets added $8 million in margin to support a 120,000 ETH long while separate but related reporting showed three connected wallets opening a combined 500 BTC long with 20x leverage, according to PANews, Odaily and on-chain analysts Ai Yi and Ember. The trader’s total leveraged long exposure was reported at about $445 million across 120,000 ETH and 2,500 BTC, with unrealized losses of about $110 million overall; the 500 BTC tranche alone was reported with an entry around $59,253-$59,261 and an unrealized loss of about $258,000 as of June 26. The ETH position was reported with an average entry around $2,261-$2,265, while earlier ETH-only reporting had put unrealized losses above $77.047 million. Separate reports said the same whale deposited 6,855.13 ETH worth $11.02 million to Binance during a rebound, a transfer often watched as a potential sign of selling though no sale was confirmed, and had earlier sold 3,065 ETH for $5.92 million at a $380,000 loss before buying 100,392 HYPE worth $6.69 million.