Whale reverses to go long on ETH! Opened a position with 20,000 ETH at 3x leverage, with a floating profit of $235,000

ZkSnarker · 2026-01-09T00:36:15+00:00

A well-known whale address recently adjusted its investment strategy, shifting from a bearish to a bullish stance. It purchased 20,000 ETH with 3x leverage, valued at approximately $62.2 million, with an average cost of $3,097.74. Currently, it has an unrealized profit of $235,000, reflecting optimism about ETH's price movement.

ZkSnarker

2026-01-09 00:36:15

Abstract generation in progress

【Blockchain Rhythm】On-chain data monitoring shows that a well-known whale address has recently made a major strategic shift—from a previous short position to a long position. This time, the move is quite aggressive, using 3x leverage directly.

Specifically, this whale bought 20,000 ETH in one go, with a total value of approximately $62.2 million. The average entry cost is around $3,097.74. Based on the current market, the liquidation price for this position is set at $1,607.9—meaning as long as ETH does not fall below this price, the position can hold.

Since opening the position, it has already realized a paper profit of $235,000. From this whale’s actions, it appears they are quite optimistic about ETH’s recent trend. This large transfer of funds from short to long signals often reflect institutional investors’ judgment of the market’s future direction, which warrants close attention from market participants.

ETH0,13%

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SoliditySlayer

· 19m ago

Whales are transferring more, now it depends on whether it can hold until the 1607 level… If it really breaks below, it will be quite awkward.

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SmartContractRebel

· 01-09 01:05

Whales are going long again, I think they're just trapping retail investors... Truly amateurish fighting among chickens. Dare to use 3x leverage? The liquidation line is over 1600, one waterfall and it's game over. I just want to know if these whales are genuinely optimistic or just accumulating before a dump? Even with strong signals, I wouldn't go all in. If I had known earlier, I would have chased high leverage too, but I was too scared. A total of 62.2 million bought into this trend? Something feels off... And again, someone says you can make money by buying with whales, haha. Honestly, it all depends on whether we can hold this level; if it breaks, it's all over. Why trust it? The last big whale did the same thing, and look what happened. Floating profit of 235,000, all excited? If this account gets liquidated, I wonder who will be crying.

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SchrodingersPaper

· 01-09 01:01

Oh my, this whale is really daring to play. Going all-in with 3x leverage, and I’m just watching my unrealized profit of 235,000... The giant whale is reversing to go long. Is this the rhythm of taking off? I’m still debating whether to add to my position, while this guy has already投入了62.2 million USD. Liquidation price is 1607.9, which shows this guy is not虚的 at all. Compared to him, my paper hands really can’t compare. Whale movement = institutional judgment? Then what about retail traders like me chasing the trend... Switching from short to long is brilliant. I bet 5 bucks that the market will drop sharply next, because I always lose whatever I do.

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StableCoinKaren