Bitcoin Whale’s High-Risk Bet: Massive Ethereum Position After Significant Loss

A prominent cryptocurrency trader, known as a #BitcoinOG, has taken a bold move in the market after suffering a $1.3 million loss on Bitcoin ($BTC). While this trade resulted in a downturn of over $1.3M, the trader doubled down by investing heavily in Ethereum ($ETH), committing all their capital to a massive long position worth $138 million. This bet involves 40,000 ETH with a liquidation price set at $2,532.81. If ETH falls below this point, their entire investment could be wiped out. This move reflects strong confidence in Ethereum’s future performance despite current market volatility.