The #Matrixport(@BITofficial_EN)-linked whale who went from a $92.5M loss to a $27.9M profit is back! He just created a new wallet, deposited 10M $USDC, and opened a 20x long on 7,000 $ETH($17.44M). He may keep adding to the position.

What happened

A whale investor linked to Matrixport, who previously lost $92.5 million and then gained $27.9 million, created a new wallet, deposited 10 million USDC, and opened a 20x leveraged long position on 7,000 ETH worth $17.44 million. The investor may add more to the position.

Confirmed

Global impact / market context

This large leveraged bet on ETH could influence market sentiment and price swings. If the position is liquidated, it may cause sharp drops, affecting other ETH holders and related assets. The whale's actions signal confidence in ETH's short-term rise.

Analyst inference

A 20x long means the whale borrowed heavily to amplify potential gains or losses. Such moves can increase volatility in ETH and crypto markets. Other investors might follow, but the risk of forced selling remains if prices fall.

Analyst inference

What to watch

1. Watch whether the whale adds more to the position, as stated in the article. Additional deposits or new long positions could signal stronger conviction and further price support. Confirmed
2. Monitor ETH price levels near the entry point. If ETH drops significantly, the whale's position may face liquidation, potentially triggering cascading sell-offs and impacting market stability. Proposed
3. Observe trading volume and order flow on major exchanges. Increased activity around ETH could indicate the whale's influence, but avoid assuming direct causation without additional data. Analyst inference

Affected assets

• ETH — Ethereum
• USDC — USD Coin

Evidence

• x.com