Major Whale Opens $61M Ethereum Long Position

The prominent whale, identified as pension-usdt.eth, has initiated another significant leveraged trade by opening a 2x long position on 20,000 ETH. This position is currently valued at approximately $60.93 million, with an entry price recorded at $3,040.92.

This aggressive trade highlights a strong bullish conviction from one of the market's major players. Due to the relatively low leverage used, the liquidation price is set far below the entry point, at $1,190.66. This low liquidation threshold provides a substantial buffer against short-term volatility, suggesting the whale is positioning for a confident, longer-term upward move in the price of Ethereum. $ETH