Whale Banker: Ethereum Long Position at $3,108 Now Sitting on $17M Gains

PositionPhobia · 2026-01-12T06:53:36+00:00

A major whale wallet has made a strategic 5x leveraged long position on ETH at $3,108, investing $268 million. With ETH now at $3,150, the unrealized gains stand at $17.26 million, highlighting the impact of sophisticated trading strategies on market trends.

PositionPhobia

2026-01-12 06:53:36

Abstract generation in progress

A major whale wallet (0xb31) is proving its timing prowess once again. The entity established a significant 5x leveraged long position on ETH at approximately $3,108 entry point, deploying roughly $268 million in capital for the bet.

The move has already paid off handsomely. With current ETH trading around $3,150, the unrealized gains on this position have swelled to approximately $17.26 million, according to on-chain data tracked by The Data Nerd.

Breaking Down the Trade

This latest maneuver showcases how sophisticated traders continue to capitalize on Ethereum’s price movements. The $3,108 entry level proved prescient, as the whale secured a substantial cushion in just this recent period. The leverage multiplier amplified both the capital deployment and the resulting profits.

What This Signals

Such large-scale, well-timed positions from monitored whale addresses often serve as breadcrumbs for the broader market. When entities with demonstrated track records of accurate positioning make decisive moves, it typically catches the attention of retail traders and smaller institutions watching the chain.

The $268 million deployment represents serious conviction, and the current $17.26 million unrealized gain validates the positioning decision at that critical $3,108 price level.

ETH2,88%

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