An Ether (ETH) whale opened a 3,000 ETH leveraged long position worth about $7.05 million on October 15, using 25x cross-margin leverage at an average entry price of around $2,400. As ETH traded below this entry price, the position showed an unrealized loss of approximately $150,000, or about 2.1% below the entry price, with a reported return of -53%. This loss is unrealized, meaning it reflects the current value while the trade remains open, not a closed loss. The situation highlights the risks of high leverage in volatile crypto markets.
The story of an Ether whale's $7.05 million leveraged long position provides context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 15, 2026 14:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 3 rose and 46 fell. Notable movers include ZIL (Zilliqa) down 9.22% at Rp57 with 99% buy orders, THETA (Theta Network) down 9.06% at Rp3,371 with 100% buy orders, and VET (VeChain) down 8.56% at Rp119 with 99% buy orders.
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