A whale takes on high leverage long positions in ETH and BTC, totaling over $41 million in value.

A large investor, known as a whale, has taken long positions in Ethereum (ETH) and Bitcoin (BTC) with high leverage, with a total position value exceeding $41 million. The whale has invested $14 million in ETH and $27 million in BTC, with an entry price of $3,705 for ETH and $115,629.9 for BTC. This marks the whale's second long position in ETH and BTC, with a total profit of over $62 million on Hyperliquid.

A significant investor, commonly referred to as a whale, has recently taken substantial long positions in Ethereum (ETH) and Bitcoin (BTC) with high leverage, totaling over $41 million. The whale has invested $14 million in ETH and $27 million in BTC, with entry prices of $3,705 for ETH and $115,629.9 for BTC. This marks the whale's second long position in both ETH and BTC, with a total profit of over $62 million on Hyperliquid.

The whale's aggressive stance comes amidst a backdrop of recent market volatility and liquidations. Over $560 million in long cryptocurrency positions were liquidated within a 24-hour period on major exchanges such as OKX and Binance [1]. Ethereum experienced the largest liquidations at $96 million, followed closely by Bitcoin at $67 million [4]. The liquidations primarily affected traders holding leveraged positions, highlighting the ongoing risks associated with leveraged trading in the crypto market.

Despite the market turbulence, the whale's positions have shown resilience. Bitcoin and Ethereum faced notable price swings during the liquidation event, with Bitcoin rising above $93,000 despite the destabilizing liquidation pressures [4]. Ethereum, meanwhile, traded at $3,810 on July 30, 2025, showing a 1.39% increase [2]. The whale's entry prices were significantly below these peak levels, indicating a strategic long-term view.

The whale's strategy aligns with broader market trends. Glassnode data reveals a long-term shift in Bitcoin ownership patterns, with mega wallets holding 40% less BTC over the past eight years—dropping from 2.7 million to 1.6 million BTC [1]. This trend suggests a redistribution of large holdings, which may reflect broader market rotations or forced selling. The whale's positions could be a reflection of this broader market shift.

The whale's move also underscores the growing interplay between digital assets and traditional markets. Stocktwits reported that crypto-linked equities were affected during the liquidation period, signaling a growing convergence between digital assets and traditional markets [3]. This convergence is expected to intensify as institutional interest in crypto continues to rise.

Retail investors, noted to be cautious during the liquidation period, contributed to a more bearish short-term sentiment [3]. However, Bitcoin's ability to surpass $93,000 suggests strong underlying demand, indicating that the market remains resilient despite the immediate pressures. Analysts emphasize the need for traders to reassess their leverage usage and adopt more conservative strategies in light of persistently high volatility [4].

The whale's actions raise questions about the broader implications for derivatives trading and regulatory oversight. While no immediate institutional or regulatory responses have emerged, the scale of the liquidations could prompt greater scrutiny of leveraged crypto trading practices in the future.

References:
[1] https://www.ainvest.com/news/bitcoin-news-today-560-million-crypto-longs-liquidated-sharp-price-swings-2508/
[2] https://pintu.co.id/en/news/186574-ethereum-price-update-today-30july2025
[3] https://stocktwits.com/news-articles/markets/equity/chevron-rated-outperform-evercore-q2-earnings-retail-investors-cautious/choL93LR56p
[4] https://www.instagram.com/p/DMw1HThO60t/