Once again, a well-known long trader has made a big move. This former market active participant has re-entered the market, bringing in an additional $1.2 million in new funds.

Within just 8 hours, he has densely positioned 4,250 $ETH with 25x leverage long positions, with a total position size of $12.57 million. The average entry price for this large order is around $2,941, with a liquidation price set at $2,710.2.

From this operation, it appears that the trader is quite resolute in his bullish outlook for the short-term market. However, under 25x leverage, the downward price fluctuation space is relatively limited—dropping below $2,710 risks liquidation. This also highlights the dual nature of leveraged trading: high returns come with high risks. The market is watching this whale’s movements, and perhaps some insights into professional traders’ market judgments can be gleaned from it.