Major Investor Doubles Down on Ethereum with Significant Position Increase

A prominent investor, identified as ‘Maji Dage,’ has dramatically expanded their Ethereum holdings, according to recent data from Hyperbot. The investor took a substantial step by establishing a 25x leveraged long position, resulting in the acquisition of an impressive 5,699 ETH. This strategic investment is valued at approximately $20.474 million and carries a liquidation price point of $3,435.1. This move highlights ongoing bullish sentiment within the cryptocurrency market.