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Major ETH Whale Converts $20M Holdings to Wrapped Bitcoin After Profit-Taking

An on-chain analyst reports a whale expanding a leveraged long position on Ethereum, now worth over $20 million, highlighting significant market activity and high risk exposure.

ETH

Summary

On August 22, an on-chain analyst revealed that a whale increased its 25x leveraged long position on Ethereum to 4,826 ETH, valued at around $20.67 million. The whale added 800 ETH three hours earlier with a 99.42% margin ratio, entering at an average price of $4,262.64 and setting a liquidation price of $4,194.38.

Terms & Concepts
  • Leveraged Long Position: A trading position where an investor borrows funds to increase exposure to an asset, betting on its price increase, amplifying both potential gains and losses.
  • Margin Ratio: The proportion of an investor's equity relative to the loaned funds in a leveraged position. A higher margin ratio indicates higher risk of liquidation.