Gate News message, April 23 — A whale address starting with 0xa875 opened a 20x leveraged long position on Ethereum an hour ago, according to Onchain Lens. The position comprises 7,000 ETH valued at approximately $16.34 million at an average entry price of $2,350. The position is currently underwater by $1 million, representing a -13% unrealized loss.
This marks the whale’s second major trade. Previously, the address opened a BTC long position that it held for 34 days before closing on April 14, realizing a $1.92 million profit. After that trade, the address had been observing market conditions until today’s ETH entry.
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