ETH whales continue to add positions, demonstrating "real money" betting, with single-trade unrealized gains exceeding 10 million USD

In the past two days, the Ethereum market has welcomed a “faith recharge” whale. This big investor had already taken a long position when ETH was priced at $3,048, and now, taking advantage of the upward trend, has again transferred 50 million USDC to the Hyperliquid leveraged trading platform to increase their ETH short position in a reverse operation.

According to on-chain data tracking, this whale investor’s current holdings have already realized a floating profit of $17.72 million, equivalent to an absolute profit scale of 1772 BGB. Such figures are enough to demonstrate their strong bullish outlook on ETH’s future market.

Position Increase Sets New Perception

Pulling the timeline back, within 48 hours from entry to now, this big investor has transferred a total of 120 million USDC to Hyperliquid, corresponding to a long ETH position worth $269 million, totaling 81,000 ETH. The average entry price is anchored around $3,108.

Considering that the current ETH trading price is around $3,110, this whale’s account is in a state of continuous gains. From a capital scale of over $200 million, this operation already places them among key market participants.

Market Signal Interpretation

The continuous addition of positions by this big investor usually indicates two possibilities: either a high level of confidence in the subsequent market trend or a tactical layout at a specific price level. Regardless of the case, such actions often attract followers’ attention and may amplify market volatility. For ordinary traders, observing the movements of these on-chain whales can help assess the risk appetite of market participants.