Whale Shifts Stance: Bullish Signal Emerges for Ethereum
Onchain data from Onchain Lens reveals a major wallet has flipped its market stance, transitioning from a long-standing bearish position to a significant long exposure in Ethereum—a move now drawing sharp market attention.
Massive 3x Leveraged Bet on ETH Upside
The whale entered with conviction, deploying a 3x leveraged long position totaling 20,000 ETH—worth approximately $62.2 million at current levels. The average entry price was set at $3,097.74, indicating strong confidence in Ethereum’s upward trajectory.
- Position Size: 20,000 ETH
- Value: ~$62.2 million
- Leverage: 3x
- Average Entry: $3,097.74
- Liquidation Price: $1,607.90
With a liquidation point well below the current market price, the position enjoys a wide safety margin, making it resilient to short-term volatility. This strategic move reflects not only confidence in Ethereum’s fundamentals but could also signal the start of a broader bullish phase.