Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Big Player Books $230K on Swing Trade: Ethereum Long Position Hits 30,000 ETH on Hyperliquid
A major whale wallet pension-usdt.eth just locked in a solid swing trade win on Ethereum, pocketing $230,000 in profits after trimming 5,180 ETH five hours ago. The move caught the attention of on-chain tracker Ai Auntie, who noted the address is now sitting on a 30,000 ETH long bet—making it one of the top three positions on Hyperliquid.
Breaking Down the Trade Setup
The swing trade execution was surgical. The wallet sold its first chunk of ETH in the $3,002.6–$3,019 range to lock in early profits, then strategically rebuilt the position by adding ETH at the dip between $2,954–$2,964. This disciplined entry-and-exit approach shows textbook risk management in volatile markets.
Current Position Snapshot
With 30,000 ETH in the bag at an average entry price of $2,967.88, the portfolio is currently valued at $88.9 million. At the latest ETH price of around $3.11K, the position is carrying roughly $128,000 in unrealized losses—but that’s just paper losses for now. The overall account balance tells the real story: a whopping $25.13 million in total realized profits. This whale isn’t sweating short-term drawdowns because the long-term playbook is working.
What This Tells Us
The swing trade setup and position sizing suggest pension-usdt.eth is playing a calculated long-term accumulation game while tactically booking profits on rallies. Even with current unrealized losses, the account’s massive net profit shows this isn’t a desperate gamble—it’s disciplined on-chain risk management in action. For traders watching the Hyperliquid leaderboard, this move is a masterclass in taking profits strategically while staying positioned for upside.