Hacking News
Whale Executes 25x Long ETH Trade
A whale executed a 25x long position on Ethereum (ETH) at a price of approximately $45.3 million, resulting in a 7% drop in ETH's value over 24 hours. The trade was executed at a time when ETH was near $2,200, touching almost $2,200 on November 6 before recovering to around $2,240. The trader has a track record of 10 consecutive successful trades, with the next key level at $2,350. The trader's strategy involves using leverage and targeting retracement levels, which could lead to a deeper correction if the retail crowd buys into the position.