Whale Bets Big: 8,613 ETH Long at $2,612—But Liquidation Lurks Below $1,400

In the past hour, whale 0x348bb306e6887d244450cbb9fd608e7f8d0a40b4 made a bold move—leveraging up to buy 8,613 $ETH (worth $22.43M) at an average entry of $2,612.33.

To amplify the position, the entire ETH stack has now been staked to borrow 10M $USDT, with a health level of 1.86—still in the safe zone, but with clear risk.

If ETH crashes to $1,399, liquidation kicks in. For now, this whale is betting confidently on ETH’s continued rise—typical behavior we see in rotation cycles where smart money starts scooping longs early.