Whale Makes Huge $60M ETH Long Bet
A massive Ethereum whale just placed one of the boldest bets of the year — opening a 2× long position on 20,000 ETH valued at over $60 million. The entry price sits at $3,040, signaling strong bullish confidence from deep-pocketed investors.
🔥 What Happened
Earlier today, on-chain data flagged a whale wallet opening a leveraged 2× long worth 20,000 ETH on a major derivatives exchange.
Key details:
- Position size: 20,000 ETH
- Value: ~$60M+
- Entry: $3,040
- Leverage: 2×
- Liquidation price: ~$1,190
This means the position only gets liquidated if Ethereum drops over 60%, which shows the whale believes a major ETH rally is coming.
📈 Why This Move Matters
Whale trades like this are known to influence sentiment because high-net-worth traders usually act on deeper market insights.
Here’s what makes this position significant:
- A $60M long signals extreme bullish confidence
- Low liquidation price suggests a long-term conviction play
- The position aligns with increasing ETH accumulation across exchanges
- Whales often move before major market shifts
This could indicate that big players expect ETH to recover, especially with growing excitement around Ethereum ETFs and L2 expansion.
🧨 Is It a Smart Move — or Too Risky?
A 2× long is relatively conservative compared to the 20×–50× leverage used by smaller traders.
But…
- If ETH drops sharply, the whale could still lose tens of millions
- Macro factors (US CPI, ETF delays, BTC volatility) may trigger shakeouts
- ETH is still below key resistance zones
Still, the huge margin buffer down to $1,190 suggests the whale is prepared for volatility.
🔍 What to Watch Next
Here are the key signals that may determine whether this whale wins big:
- ETH reclaiming $3,150–3,250
- Whale adding more margin or increasing leverage
- Funding rate shifts
- BTC volatility this week
- ETF approval progress
If ETH shows momentum above $3,250, this whale’s bet could push further long interest into the market.
🧠 Final Thoughts
This is one of the most confident ETH longs seen in months.
Whether this whale knows something — or is simply taking a huge risk — the next 48 hours will be important for Ethereum traders.
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