A fresh whale just made a bold move — opening a 25x leveraged long on $ETH worth $37 million.
According to on-chain data, a newly created wallet deposited $8 million USDC into HyperLiquid, taking a massive long position of 10,695 ETH at an entry price of $3,498, with a liquidation level near $2,808.
This kind of aggressive position often signals institutional conviction — or calculated risk-taking. The size and leverage suggest the trader is either anticipating a strong breakout or capitalizing on short-term volatility before CPI data and Fed commentary later this week.
ETH has been hovering near key technical levels, and this move could inject renewed volatility into derivatives markets. If the price sustains above $3,500, liquidation clusters could trigger a sharp upward squeeze.
High-risk, high-conviction — the kind of whale behavior that often defines market turning points.
