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Whale Doubles Down on ETH with Aggressive 3x Leverage Bet at $3K
On-chain tracking shows a prominent trader has opened a substantial 3x leveraged long position on ETH, currently holding approximately $15.03 million in exposure. The position was accumulated with an average entry point around $3000, positioning for significant upside if prices continue climbing.
The liquidation floor sits at $2041, providing a $959 buffer from the entry level. More impressively, this address has already banked $1.03 million in profits over the past seven days, suggesting either earlier successful positions or well-timed entries on recent market moves.
With ETH trading near $2.93K at the time of reporting, this large trader’s 3x long setup underscores growing conviction among sophisticated market participants. The size of the position—over $15 million—indicates this isn’t casual leverage trading but rather a calculated, larger-scale directional bet.
Such whale moves often serve as a market signal worth monitoring, as large traders typically have stronger risk management and research backing their positions compared to retail traders employing similar leverage strategies.