A trader’s high-risk 25x leveraged Ethereum long, worth over $20 million, contrasts with Bitmine’s major ETH accumulation, showing diverse strategies in institutional and individual crypto market moves.
A trader expanded their 25x leveraged Ethereum long to 4,826 ETH, valued at approximately $20.67 million, after rolling $125,000. Three hours earlier, the trader added 800 ETH, raising margin usage to 99.42%. The average entry price stands at $4,262.64, with current unrealized gains of around $102,000. This comes alongside Bitmine’s previously reported purchase of 52,475 ETH worth $220 million, boosting its total holdings to over 1.57 million ETH valued at $6.6 billion.