Behind the Moves: High Leverage ETH Plays Continue
According to Coinbob tracking data, on Feb 27, a frequently monitored address launched a new ETH long position after a prior liquidation. The trader started with an initial deposit of around $250,000, then used repeated compounding to grow the position to $13.5 million within three days.
The current position is leveraged at 25x with an average entry price of $1,945 per ETH, showing a floating profit of $320,000 (60%). However, the liquidation price sits just below at around $1,938 — only 2.4% from the current price.
Walking the Liquidation Tightrope
While the position shows impressive gains now, history suggests volatility could quickly change the outcome. Looking back at this trader's pattern over the past five months, similar strategies have repeatedly ended in liquidation due to over-extended average prices and market corrections.
Since October 2023 alone, this address has attempted 162 long positions across multiple assets, including 18 ETH-specific plays, with total net deposits reaching approximately $15.68 million to Hyperliquid — nearly all ending in losses.
Persistent Strategy or Perpetual Gamble?
The consistent approach involves starting with hundreds of thousands in capital, then aggressively compounding to push average prices higher. Whether this reflects stubborn optimism or unsustainable risk-taking remains to be seen as the market will ultimately determine if this 162nd attempt breaks the pattern.