🐋 Is this ETH whale about to take profits on ~$5.14M?
A massive long Ethereum ($ETH ) position held by whale 0x6646…6de5 is sitting on nearly $5.14 million in unrealized gains. With a notional value of ~$22.79M and 25x leverage, they’ve made a pretty impressive trade.
What’s notable is that the position’s liquidation price is ~$1,717.4252, about 24.7% below the current price. That means even a slightly deeper ETH pullback could put the position at significant risk. But with gains this huge, will they take profits to lock in their returns, or keep holding out for even more?
If this were your ETH position, what would you do?
For informational purposes only, not investment advice. DYOR.
#ETH
A massive long Ethereum ($ETH ) position held by whale 0x6646…6de5 is sitting on nearly $5.14 million in unrealized gains. With a notional value of ~$22.79M and 25x leverage, they’ve made a pretty impressive trade.
What’s notable is that the position’s liquidation price is ~$1,717.4252, about 24.7% below the current price. That means even a slightly deeper ETH pullback could put the position at significant risk. But with gains this huge, will they take profits to lock in their returns, or keep holding out for even more?
If this were your ETH position, what would you do?
For informational purposes only, not investment advice. DYOR.
#ETH
