Whale goes 20x long on ETH with $16.34M position

ChainCatcher reports that Onchain Lens data shows a whale wallet beginning with 0xa875 opened a 20x leveraged long in ETH over the past hour. The trade totals 7,000 ETH, about $16.34 million, with an average entry price of $2,350. The position is currently showing an unrealized loss of roughly $100,000 (13%). The same address previously made its first trade with a BTC long, held for nearly 34 days, and closed on April 14 for a $1.92 million profit. Since then, it had remained on the sidelines until this latest ETH bet.