ETH Long Pays Off: Whale Earns $2.15M As Market Rises

The crypto market always amazes users with new surprises, innovations, and multiple opportunities that arise constantly. Today, a whale captured curiosity after earning $2.15 million by taking a highly leveraged 50x long position on Ethereum (ETH).

Whale longed ETH with 50x leverage

According to data reported by Lookonchain today, the whale sold 947 ETH for $1.95 million USDC and deposited them into Hyperliquid to long ETH with 50x leverage. He eventually conducted the high 50x leverage gamble – deposited $1.95 million USDC to long ETH. He longed on ETH at a price of $2059 while risked liquidation if ETH declines to $2,008.

With such a high leverage, this was a high-risk trade, yet with a high reward. The trade itself is not for the faint-hearted investors as it needs a well-calculated approach. It was a high-risk trade, with just a 2.48% price decline triggering liquidation. Fortunately, the market moved in his favor. As ETH price rose, his position expanded to 2595 ETH worth $5.37 million. He didn’t waste time, he closed his long position instantly and realized a profit of $2.15 million.

Lessons to learn

While critics believe that this whale might have benefited from insider information, his trading activities point out that he is just a smart trader. Lookonchain data shows that this whale is the one who made $6.8 million by going long on Bitcoin and Ethereum with 50x leverage before Trump’s executive order.

The whale is an intelligent trader and a master of market trends and updates. He executed his latest trade after President Trump announced the executive order to develop a crypto strategic stockpile. The timing defied a potential price downturn as he knew that Trump’s recent policy would as a catalyst for the market movement.

Leverage trading can be excellent approach that investors can use to supercharge their profits when trading assets. However, it is also a high-risk activity that can lead to massive losses if traders don’t utilise the right trading strategy.