Whale Address "1011" Adds 19,109 ETH Longs After Price Falls Below $3,300, Leveraged Position Hits 120,094 ETH

Whale address "1011" increased its leveraged long exposure on Ethereum by 19,109 ETH in the past 5 minutes after ETH fell below $3,300, Hyperinsight data show. The address now holds 5x ETH long positions totaling 120,094 ETH, valued at about $392 million, with an unrealized profit of $12.32 million (+13.55%). The average entry price stands at $3,177 with a liquidation price at $2,234.