Whale '1011' Expands Leveraged ETH Long Position During Market Rebound

On-chain analytics indicate the crypto whale known as '1011' increased a high-leverage Ethereum long position amid a price rebound, while holding sizable BTC and SOL positions despite ongoing unrealized losses.

BTC

ETH

SOL

51d ago

Summary

Onchain Lens reported that the crypto whale identified as '1011' increased its 5x leveraged long position on Ethereum during a recent market rebound. The whale currently holds 212,726 ETH valued at approximately $643 million, alongside 511,612.85 SOL worth about $66 million and 572.71 BTC valued near $51 million. Despite the expanded exposure, the portfolio shows an unrealized loss of roughly $29.79 million, with more than $8 million paid in funding fees, highlighting the risks associated with leveraged trading.

Terms & Concepts

Whale: A large cryptocurrency holder whose trades or positions are substantial enough to potentially influence market liquidity and price movements.
5x ETH long: A leveraged trading position that amplifies exposure to Ethereum’s price movements by borrowing funds to increase the position size fivefold.
Funding fees: Periodic payments exchanged between long and short traders in perpetual futures markets to keep contract prices aligned with the spot market.