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Whale Opens $8.9M 3x Long Position on ETH, Secures $4.54M Profit in One Week

2025-07-10 08:20:59

Whale Opens $8.9M 3x Long Position on ETH, Secures $4.54M Profit in One Week

Main Idea

A whale opened an $8.9M 3x leveraged long position on Ethereum (ETH) and secured a $4.54M profit in one week, reflecting growing institutional confidence in ETH's near-term performance.

Key Points

1. A whale initiated a 3x leveraged long position on Ethereum (ETH) valued at approximately $8.94 million on July 10th.

2. The average entry price for the position was $2,807.

3. The whale secured a profit of $4.54 million over the past week on the Hyperliquid platform.

4. This development indicates growing confidence among institutional investors in Ethereum’s near-term performance.

Description

On July 10th, blockchain data revealed a significant whale initiated a 3x leveraged long position on Ethereum (ETH), currently valued at approximately $8.94 million. The average entry price for this

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