A Whale Holds $7.05 Million Ether Long With 25x Leverage

An Ether (ETH) whale held a 3,000 ETH leveraged long worth about $7.05 million on Oct. 15, with an unrealized loss of roughly $150,000 as ETH traded below the position’s average entry.

An address beginning 0x007d opened the trade. It used 25x cross-margin leverage and had an average entry price of about $2,400. The position’s reported return was about -53%.

ETH was about $2,349 on Hyperliquid, roughly 2.1% below the average entry. The loss was unrealized, meaning it reflected the position’s value while the trade remained open rather than a result from closing it.