Key Points
- A whale trader has opened a $138.75 million long position on Ethereum (ETH) with high leverage.
- The trader’s liquidation price is set at $1,854.4, and the position has already generated over $1 million in unrealized profit within 10 minutes.
- This is the same whale who made $2.15 million in profit on March 10 by trading ETH with 50x leverage.
A well-known whale trader, possibly trading with insider information, has taken another high-risk long position on Ethereum.
The position, valued at $138.75 million, has already generated over $1 million in unrealized profit within just 10 minutes of execution.
The whale’s liquidation price is $1,854.4, meaning that if Ethereum drops below this level, the entire position could be wiped out.
Ethereum is currently trading up 0.5% in the past 24 hours and 1.2% in the last hour, showing strong market momentum.
A Pattern of High-Stakes Trades
This same trader made headlines just days ago with a highly profitable trade on March 10.
On that day, the whale:
- Sold 947 ETH for $1.95 million USDC and deposited the funds into Hyperliquid.
- Opened a 50x leveraged long position that quickly grew to 25,095 ETH ($53.7 million).
- Closed the position after ETH surged, securing a $2.15 million profit in just 50 minutes.
This wasn’t the first time the trader executed a high-risk, high-reward strategy. Before President Trump’s executive order on a U.S. Strategic Bitcoin Reserve, the whale went long on Bitcoin and Ethereum with 50x leverage, making $6.8 million in profit.
The rapid success of this whale has led to speculation that they may be trading with insider information. The timing of their trades has consistently aligned with major market-moving events.
With Ethereum’s price rising, all eyes are now on this massive leveraged bet. If ETH continues to climb, this whale could see another multi-million-dollar payday. However, a sudden drop below $1,854.4 could result in a complete liquidation of the position.
