New ETH Whale Activity Detected on Blockchain
Chain monitoring data revealed significant crypto movement on February 23. A newly created address deposited 1.5 million of stablecoin assets into a major derivatives trading platform five hours earlier.
Breakdown of Leverage Trading
Notably, these funds were used to establish a leveraged long position in Ethereum with 25x multiplier. The position involves 15,103 ETH tokens, currently valued at $29 million, with liquidation level set at critical support level of $1,819.60.
- Fund size: $1.5 million
- Leverage ratio: 25x
- ETH holdings: 15,103
- Position value: $29 million
- Liquidation price: $1,819.60
This transaction demonstrates sophisticated investors' confidence in Ethereum's medium-term outlook and reflects the widespread adoption of leveraged trading tools in current market conditions.