#WhaleJamesWynnWatch

🚨 Major ETH Long Position Opened Amid Market Volatility.

A prominent trader has entered a $200M leveraged long position on ETH/USDT near the $3,420 level, marking one of the largest recent bullish bets. Key details:

📊 Market Impact:

Leverage: 25x (a break above $3,500 could trigger significant liquidations).

Recent Performance: Similar large trades have seen strong ROI in past cycles.

Funding Rates: Shifted positive after weeks of bearish sentiment.

📈 Immediate Reaction:

ETH price rose +5% within an hour of the trade.

Open Interest surged by $800M+, indicating heightened activity.

Order books show limited resistance up to $3,600.

💡 Speculation:
Some suggest this move could be tied to upcoming ETH ETF developments, though no official confirmation exists.

⚠️ Risk Note:
Leveraged trades carry high risk—even experienced traders face losses (e.g., a $90M setback in March). Trade responsibly!

#Ethereum #CryptoNewss #trading #MarketUpdate