ETH Whale’s $183M 15x Long and XRP 10x Long Hit $21.5M Loss
A major Ethereum whale has opened a 15x leveraged long position worth $183 million, while an XRP whale holds a 10x long of $93.41 million. Both positions face an unrealized loss of about $21.5 million, underscoring elevated mark-to-market risk. The Ethereum whale’s aggressive bet signals continued demand for amplified exposure on ETH. Meanwhile, the XRP position highlights similar risk appetite. Traders should watch margin requirements and liquidity conditions closely. Rising market volatility may trigger liquidations and force further sell-offs. Monitoring funding rates and exchange liquidity will be key for navigating potential sharp moves in ETH and XRP.
Bearish
The sizable 15x ETH and 10x XRP long positions signal elevated liquidation risk. An unrealized loss of $21.5 million increases the chance of margin calls if prices dip further. Historically, large leveraged bets—such as in early 2021—have triggered cascade liquidations and sharp price declines. In the short term, this setup favors bearish pressure as traders de-risk positions to avoid forced exits. Over the longer term, sustained whale interest may support price floors, but near-term volatility and liquidity constraints point to a bearish bias.