🐋 Whale buys on ETH holding $83 million in profit over $18 million – will it take profit?
A massive long position (betting on Ethereum ($ETH ) price going up) is drawing all eyes on-chain. Wallet address 0xde8d…9524 is holding an ETH buy order with a notional size of up to ~$83.05 million, leverage up to 20x.
What’s noteworthy is that this position is currently up on paper by about ~$18.42 million—a truly impressive figure. However, with such high leverage, the liquidation price is only around ~$1,772.88. That means if ETH falls by about 35.4% from the current price, the position will be automatically closed.
For reference only, not investment advice. DYOR.
#ETH #Ethereum
A massive long position (betting on Ethereum ($ETH ) price going up) is drawing all eyes on-chain. Wallet address 0xde8d…9524 is holding an ETH buy order with a notional size of up to ~$83.05 million, leverage up to 20x.
What’s noteworthy is that this position is currently up on paper by about ~$18.42 million—a truly impressive figure. However, with such high leverage, the liquidation price is only around ~$1,772.88. That means if ETH falls by about 35.4% from the current price, the position will be automatically closed.
For reference only, not investment advice. DYOR.
#ETH #Ethereum
