Crypto Whale Shifts $138M From Bitcoin to Ethereum
TLDR
- Whale closes $60M Bitcoin long at a $1.3M loss and shifts to Ethereum.
- New $138M Ethereum long uses 3.56x leverage with a liquidation price of $2,532.
- Whale holds 40,000 ETH worth $138M, betting on Ethereum’s future growth.
- Ethereum position offers whale a safety margin with liquidation at $2,532.
A prominent crypto whale known as “1011short” has made a major move in the market, shifting a significant portion of his investments. After closing a $60 million Bitcoin long position with a loss, the trader has moved $138 million into highly leveraged Ethereum longs. This shift has sparked attention among the crypto community, as it signals a new bet on Ethereum’s potential in the wake of Bitcoin’s recent…
