Whale Risks $92.8M Long on ETH Near Peak

• Whale adds $92.8M long position on ETH at ~$4,460.
• His take-profit is $5,300, but liquidation looms at $4,297.
• He previously lost $23M in a similar high-entry long.

Ethereum’s recent price action has attracted major players, but not all of them are playing it safe. One notable whale, wallet 0xa523, has once again placed a massive long bet on ETH — this time at what many consider dangerously high levels.

Over the past 15 hours, the whale added 20,800 ETH, valued at approximately $92.8 million, to his long position. The entry points were at $4,470 and $4,450, showing a strong conviction that Ethereum still has more upside left.

A Risky Pattern with Costly Consequences

This whale is no stranger to risky trades. In fact, just last week, he reportedly lost over $23 million due to a poorly timed long position — also entered when ETH was trading at elevated levels. Despite that setback, he seems undeterred, doubling down yet again.

The most alarming part? His liquidation price is $4,297.67, which is uncomfortably close to current market levels. Any moderate drop in ETH’s price could trigger a forced liquidation, potentially wiping out another major chunk of capital.

Is the $5,300 Target Realistic?

According to on-chain data, the whale has set his take-profit target at $5,300, suggesting he expects a significant rally from here. While bullish sentiment in the crypto market persists, especially around Ethereum due to ETF optimism and network upgrades, the narrow margin between entry and liquidation makes this trade extremely risky.

Traders and observers are now closely watching the market, wondering whether this aggressive move will finally pay off or end in another high-stakes loss.

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