Whale ETH long positions increased to 11,000 coins, simultaneously closing ZEC and HYPE positions

【ChainNews】On-chain data has captured a key transaction: a well-known trader adjusted multiple positions in the past 24 hours.

Specifically, the trader closed all long positions in ZEC (14 hours ago) and HYPE (4 hours ago), then shifted focus to ETH. Currently, their ETH long position has been increased to 11,000 ETH (using 25x leverage), with a current value of approximately $34,139,600. The entry price for this position was $3,135.02.

In terms of cost basis, the current unrealized loss is about $360,000. The total account size is $1.82 million, with a loss of about $500,000 over the past 24 hours, and a drawdown exceeding $1.62 million in the last week — a notably volatile trading period.

This aggressive increase in high-leverage ETH positions reflects the trader’s clear short-term market outlook. Such large-scale position increases often trigger chain reactions in the market, especially during periods of leverage liquidation risk. Market participants should pay attention to subsequent position movements.