Ethereum Whale Doubles Down With $16.35 Million Leveraged Position Amidst Recent Dip

Despite a recent 4% decline in Ethereum (ETH) prices, reaching just above $4,150, large investors are showing confidence in the cryptocurrency’s long-term potential. A significant whale has taken a high-risk leveraged bet on ETH’s rebound, placing a $16.35 million position at $4,229.83 per coin, leveraging 25 times. This move comes despite current negative territory and tight liquidation triggers, as the trader is betting on a price rebound to higher levels.