A major cryptocurrency whale has placed a hefty long bet of $92.8 million on Ethereum, entering the market at approximately $4,460. This move comes as Ethereum’s price continues to climb and analysts attribute this surge to the growing DeFi landscape and rising institutional investments. 0xa523, the whale behind this massive position, has previously made similar high-risk bets, leading to a significant loss of over $23 million in a short time frame. 0xa523’s current strategy is centered on expecting further price increases, with a take-profit target set at $5,300. However, this comes with a concerning aspect: the liquidation point for this position is only $4,297.67 – a mere margin away from current market prices. This leaves the whale vulnerable to swift and substantial losses if Ethereum experiences any notable dip in price, which could trigger forced liquidations, potentially wiping out yet more capital.