Crypto Whale Closes $8M Leveraged Ethereum Position for $336K Profit
On-chain data reveals the whale increased holdings to over 3,700 ETH worth $11.56M, boosting leverage to 25x amid ongoing high-risk activity.
ETH
USDC
Summary
A major crypto whale has added 234,900 USDC to their Hyperliquid account to expand a 25x leveraged long position in Ethereum. The whale now holds 3,725 ETH valued at $11.56 million, with a floating profit of $142,000 and a liquidation price set at $2,981. This follows earlier activity where the trader closed a $44 million ASTER short and shifted into large leveraged ETH trades, maintaining a high-risk strategy despite volatility.
Terms & Concepts
- Long Position: A trading strategy where an investor buys an asset expecting its price to increase.
- Leverage: The use of borrowed funds to increase exposure to an asset, amplifying potential profits and losses.