Whale Jeffrey Huang Opens Massive 25x ETH Long — Bullish but Highly Risky
I note that BAYC whale and Taiwanese singer Jeffrey Huang opened a 25x leveraged ETH long of 11,545 ETH at $4,736.93, and a 5x HYPE long of 10,000 HYPE at $46.58, according to OnChainLens. He previously realized about $33.83M from ETH/HYPE longs.
He reportedly had an ETH short at $4,699.89 yesterday, so it looks like he took profit on a dip and rotated into aggressive long exposure.
I view this as a strong bullish conviction from an experienced whale, but the extreme leverage makes the positions highly risky and prone to rapid liquidation if volatility spikes.
Analysis
Recommendation
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.