An Ethereum whale turned an initial investment of 125,000 USD into 25 million USD thanks to leveraged trading and continuous position increases.
Starting to buy ETH at the lowest price in 2023, this whale has used 10x leverage and accumulated up to 66,000 ETH, generating outstanding profits of up to tens of millions of USD.
MAIN CONTENT
The ETH whale bought in at the lowest price of 2023 with 125,000 USD, and after 5 months it increased to 25 million USD.
Using 10x leverage to open large buy positions, with a total volume of up to 66,000 ETH.
Outstanding profit, currently around 24.78 million USD, previously peaked at 43 million USD when ETH reached its recent ATH.
How did this Ethereum whale start investing in April 2023?
Whales began purchasing ETH with an initial amount of 125,000 USD in April 2023, just as the ETH price hit its yearly low at 1,490 USD/ETH.
According to Ember's on-chain data analysis, whales transferred 125,000 USDC from ChangeNOW and Kucoin to Hyperliquid to buy ETH. Buying at such a low price shows agility in assessing market fluctuations and seizing good investment opportunities.
Starting at the optimal price bottom gives whales an advantage as the ETH price rises significantly from there.
How does this whale increase its position and profits over time?
From the very beginning of investing, the whale continuously increased the size of its position to capitalize on unrealized profits, expanding its ETH holdings to 66,000 ETH worth around 300 million USD.
Whales use 10x leverage, applying the roll long strategy – which means reinvesting the unrealized profits to further increase their buying position. This strategy helps positions from a few hundred ETH initially grow significantly within just 5 months.
The last recorded position increase took place at 9 AM the day before, proving that trading activity remains high-frequency and effective in the upward trend of ETH prices.
"The continuously increasing value through the roll long strategy with leverage shows the strength of seizing market opportunities and smart risk management."
Ember's insights, on-chain data analysis expert, 16/08/2023
What is the current position of the two related addresses and how is the outstanding profit?
The two main positions hold 44,916 ETH and 21,832 ETH respectively with 10x leverage, corresponding to market values of 200 million USD and 100 million USD.
The first position opened at 4,067 USD/ETH, with a liquidation price of 4,200 USD/ETH, currently showing an unrealized profit of over 17 million USD. The second position opened at 4,093 USD/ETH, liquidation at 4,198 USD/ETH, with an unrealized profit of 7.8 million USD.
Previously, when ETH hit ATH 4,788 USD, unrealized profits peaked at 43 million USD, demonstrating agility in capturing price fluctuations and effectively utilizing leverage positions.
Address ETH Volume Opening Price (USD) Liquidation Price (USD) Position Value (USD) Unrealized Profit (USD) Address 1 44,916 ETH 4,067 4,200 200 million 17 million Address 2 21,832 ETH 4,093 4,198 100 million 7.8 million
Frequently asked questions
1. What are the risks of 10x leveraged trading?
Leverage increases profits but also increases the risk of losing all capital if the price goes against and exceeds the liquidation level. Risk management and closely monitoring the market are very important.
2. How can whales continuously increase their positions without being liquidated?
Whales often open positions with liquidation prices quite far from the opening price and use the roll long strategy to avoid immediate liquidation even in strong price fluctuations.
3. What is unrealized profit in cryptocurrency trading?
Unrealized profit is the profit that has not been realized, meaning it has not been sold to be converted into actual cash, and it often changes with market price fluctuations.
4. What is the advantage of buying ETH when the price is low?
Buying at the price bottom helps optimize profits when prices rise, reduces initial loss risks, and creates an effective growth momentum for the portfolio.
5. What does increasing positions from unrealized profits mean?
This strategy helps leverage available profits to expand investments, driving portfolio growth without needing to increase capital.
Source: https://tintucbitcoin.com/ca-voi-eth-lai-25-trieu-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
