Whale aggressively adds ETH long positions! Buys 7,700 tokens in one go, leverage position lights up red

【Block Rhythm】 Monitoring data shows that in the past two hours on January 14, a whale account starting with 0x50b was very active on ETH. After four consecutive transactions, approximately 7,708.58 ETH were added to the position. As a result of this operation, the long position with 14x full leverage has expanded to $25.648 million.

The average entry price for the position is around $3,333.64. At the current mark price of $3,327.3, the unrealized loss is about $49,700, a decline of -2.71%. Even more concerning is that the liquidation price is set at $2,770.53, which means if ETH falls below this price, this leveraged position will be forcibly liquidated.

Interestingly, this whale previously held a short position on BTC for a brief period, once becoming the largest on-chain BTC short. Now, it has turned bullish. This shift from bearish to leveraged bullish stance is quite intriguing.