# Trader Opens $29.88 Million Leveraged Ether Long After Market Drop

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28759
Published: 2026-10-09T06:30:58.000Z
Updated: 2026-10-09T06:30:58.000Z
Section: Investing

> The position covers 12,000 ETH and carries 20 times leverage. It was showing about $626,000 in unrealized profit after the market decline.

A crypto wallet opened a 20-times leveraged long position covering 12,000 Ether (ETH) after the market fell, creating an exposure of about $29.88 million and signaling a bullish bet on the asset.

The position was showing approximately $626,000 in unrealized profit. That figure represents gains on paper while the trade remains open and can change with ETH’s market price.

The wallet’s tracked record showed a 100% win rate and cumulative profit of about $9.26 million before the latest position. The trade adds a sizable leveraged position to the wallet’s market activity as Ether prices remain volatile.