Bitcoin Whale Takes $1.3M Loss, Bets Big on Ethereum
A crypto whale closes $BTC longs with a $1.3M loss and goes all-in on 40,000 $ETH with a liquidation price of $2,532.
- Bitcoin whale exits with a $1.3M loss.
- Now holds 40,000 ETH worth $138M.
- Ethereum long has a liquidation price of $2,532.81.
A well-known crypto whale, often referred to as a #BitcoinOG, has just made a bold move in the market. According to recent trading activity, this trader closed all his Bitcoin ($BTC) long positions—taking a significant $1.3 million loss.
Rather than sitting on the sidelines, he has doubled down on Ethereum ($ETH), moving his entire capital into a massive long position worth $138 million. This bet includes 40,000 ETH, with a liquidation price set at $2,532.81. That means if ETH drops below this level, his entire position could be wiped out.
A High-Stakes Ethereum Bet
This move signals strong confidence in Ethereum’s price trajectory. Despite the current volatility in the market, this trader clearly believes that Ethereum is poised for a significant rally. The size of the position and the aggressive liquidation point show he’s not just hedging—he’s all in.
While some in the community view this as a brave and calculated risk, others are pointing out the dangers of leverage and emotional trading after a big loss. Going all-in on a single asset—especially after a $1.3 million loss—can be risky, but it also shows conviction in Ethereum’s long-term potential.
Market Watching Closely
The crypto community is watching this trade closely. If Ethereum rises in the coming days, it could validate the whale’s move and possibly push the price higher due to increased sentiment. However, a downturn could put pressure on ETH prices as liquidation looms.
Whether this pays off or backfires, one thing is clear: this whale is betting everything on Ethereum. Traders should remain cautious and manage their risk, no matter how confident they are.
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