After $1.2M Profit, Whale Opens Another $58M 20x Ethereum Long

A large-scale trader who recently earned $1.2 million in just two hours from a 20x leveraged long on 36,826 ETH ($59.72M) ahead of U.S. CPI data has remained highly active in Ethereum trading. Shortly after closing that position, the trader went on to secure an additional $594K profit from a separate short trade on ETH.

Continuing this sequence of high-volume moves, the trader has now opened another 20x leveraged long position. The latest trade involves 36,097 ETH, valued at approximately $58.8 million, with a liquidation price set at $1,531.9.

Source: Lookonchain