A savvy whale enters Ethereum with $30 million and 20x leverage
The Smart Money wallet opened a long position on 12,000 ETH worth approximately $30 million
And the trade is already paying off with +$706,000 in unrealized profits
But the figure worth noting isn’t just the size of the trade it’s the timing
A trader is putting tens of millions behind Ethereum’s rally and, in return, accepting the risk that comes with 20x leverage
Is this a precursor to a bigger move in $ETH
Or is this just another massive trade that will be tested by market volatility
The Smart Money wallet opened a long position on 12,000 ETH worth approximately $30 million
And the trade is already paying off with +$706,000 in unrealized profits
But the figure worth noting isn’t just the size of the trade it’s the timing
A trader is putting tens of millions behind Ethereum’s rally and, in return, accepting the risk that comes with 20x leverage
Is this a precursor to a bigger move in $ETH
Or is this just another massive trade that will be tested by market volatility