Whale Opens $25.65M ETH Long Position with 14x Leverage
A large ETH holder expanded positions to over $736M in value, signaling continued high-volume whale activity in the cryptocurrency market.
BTC
ETH
Summary
On January 17, a known whale added 20,000 ETH long positions, increasing total holdings to 223,340 ETH valued at approximately $736 million. The position currently shows an unrealized profit of $40.93 million. This follows recent aggressive trading by other whales, including multimillion-dollar leveraged BTC and altcoin positions, underscoring sustained high-risk strategies in the crypto market.
Terms & Concepts
- Whale: An individual or entity holding large amounts of cryptocurrency, capable of influencing market movements.
- ETH: Ethereum’s native cryptocurrency, used for network transactions and smart contract operations.
- BTC: Bitcoin, the first and largest cryptocurrency, used as a decentralized digital currency without a central bank.