Ethereum Whale Makes Massive $38M ETH Leverage Bet After Selling Spot Holdings
The post Ethereum Whale Makes Massive $38M ETH Leverage Bet After Selling Spot Holdings appeared on BitcoinEthereumNews.com.
A significant Ethereum whale has taken a headline grabbing step and sold a substantial amount of spot Ethereum and then went on a spree of aggressively leveraged long of over $38 million. The move was signaled by the blockchain analytics platform Lookonchain, triggering much speculation, debate, and curiosity in the crypto market. Whale 0x76AB sold $ETH spot and then went long on $ETH using leverage. He sold 1,654 $ETH for 5.49M $USDC, deposited it into Hyperliquid, and opened a 7x long on 11,543 $ETH($38.4M). Liquidation price: $2,907.6https://t.co/ZYMxRyTD9A pic.twitter.com/7ieDskORts — Lookonchain (@lookonchain) December 10, 2025 The trail of transactions reveals that address 0x76AB offloaded 1,654 Ethereum, which amounted to approximately 5.49 million dollars, and immediately transferred the money to USDC. This capital was subsequently sold to Hyperliquid, among the fastest-growing perpetual futures projects that are decentralized. From Spot to Leverage: Inside the Transaction Flow On-chain records indicate that the Ethereum was sold through multiple batch purchases that are recorded on the bridge of Hyperliquid, with a price of between $490,000 to $3 million dollars. The money was converted into a big leveraged long on an ETH-USD perpetual future, indicating a very optimistic prospect. The last open position has a total of 11,543.3464 ETH and is estimated to be worth $38,375,855 with a 7x cross-margin leverage. Entry and Liquidation Metrics Raise Risk Flags The whale got into the leveraged position at a price of 3,324.02 per Ethereum token, which indicated that the whale was confident about a further growth in price. Recent data indicates that the unrealized profit margin has been small at around 5,471 which means that the position has been opened recently and the price has not been moved much since then. The liquidation price is at $2907.6 and hence a decrease of about 12-13 percent would prompt the position…
