Ethereum Longs Don Reach 76,700 ETH as Whale Add $65.8M
One big big Ethereum whale don extend im leverage long positions, the total long exposure don increase reach 76,700 ETH (about $342 million). The trader get 14× long of 51,745 ETH and 15× long of 25,000 ETH, liquidate price near $4,250.
On August 18, the whale add new Ethereum long by buy 15,353 ETH for average price $4,236, invest $65.76 million. This one come after one long liquidation wey cost the trader $6.59 million.
As we dey write, combined Ethereum long positions get unrealized gain about $24.2 million, including $600,000 from the latest bet. These leverage trade show say the trader get strong bullish belief even though market dey shake.
Trader dem supposed dey watch ETH price around $4,250 and the whale wallet transaction for squeeze risk and changes for market sentiment. Sharp eye for liquidation levels fit show short-term price triggers.
Bullish
Di whale decision to increase Ethereum long exposure to 76,700 ETH and put in additional $65.8 million after the previous $6.6 million loss dey show strong bullish outlook. The way e take use high leverage (14× and 15×) dey make both potential gains and liquidation risks bigger, e make ETH price zone around $4,250 become critical squeeze point. For short term, these concentrated long positions fit cause volatility as traders go react to whale moves and liquidation triggers. For long term, the steady trust from big holders fit support bullish momentum, fit help ETH price remain stable above key technical levels.