Crypto
Aggressive Wave Shark Places $26.2M Bet on Ethereum (ETH) Momentum
The Aggressive Wave Shark has made a massive bet on Ethereum (ETH) with a $26.2 million unhedged long position, leaving zero dry powder for defense.
This trade is a pure-play bet on Layer-2 momentum and a cooling macro environment, with the account concentrated 100% and redlining at terminal 25x leverage.
The Shark has already made $3.35 million in profit from the desk today, but this leaves the entire empire vulnerable to a sharp drop of just $500 toward the liquidation floor of $2,110.