COINOTAG News reports, citing HyperInsight, that a notable on-chain whale known as “30 Longs’ Persevering Whale” has established a leveraged long exposure on 3,000 ETH, using 20x leverage. The position totals about $9.62 million and carries an average entry price around $3,208.26.
High leverage on this Ethereum position signals a directional bet on its near-term trajectory, but it also elevates margin risk and liquidity sensitivity should volatility widen. Traders should monitor funding dynamics and order-book depth as this whale activity could influence short-term price action.
Source: https://en.coinotag.com/breakingnews/ethereum-whale-opens-20x-long-on-3000-eth-worth-9-62m-at-3208-avg-entry
