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Bitcoin OG Whale Goes All-In on Ethereum — $193M Leveraged Long Sparks Market Buzz 🐋🔥


On-chain data reveals that a top Bitcoin OG whale has aggressively expanded their Ethereum long position to 55,133 ETH — valued at around $193 million — using 5x leverage. This marks one of the largest leveraged ETH longs in recent months, signaling strong conviction in a rapid price rise, but also introducing significant liquidation risk.
📊 Position Breakdown:

Average Entry: $3,468

Liquidation Price: $2,841

Leverage: 5x
If ETH drops more than 18%, the whale’s massive position faces liquidation, potentially sparking cascading liquidations and sharp volatility across derivatives markets.

Analysts view $2,841 as a macro key support and liquidity risk zone. Should ETH approach this level, traders should consider hedging or short protection to mitigate systemic exposure.
For conservative traders, the better play lies in the $3,400–$3,500 range, accumulating with low leverage (≤3x) and tight stop-loss below $3,350.
Whale confidence doesn’t always equal safety — but it does signal where the next big move might come from. ⚡
#Ethereum #ETH #CryptoWhales
BTC-2.65%
ETH-3.61%
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