Whale Places $90M Leveraged Bet on BTC, ETH Rally
Bitcoin Ethereum Whale Places $90M Leveraged Bet on BTC, ETH RallyA $90M leveraged crypto bet sits close to liquidation as Bitcoin and Ethereum trade near entry levels.High 20x leverage leaves trader wallet 0x049b exposed to sharp losses if prices dip slightly further.Market sees heavy liquidations, but whale flows remain split between aggressive bets and long-term holding. A crypto trader has opened a high-risk bet worth about $90 million on Bitcoin and Ethereum, according to blockchain analytics platform Lookonchain. The move shows how some market players are still expecting sharp price swings in the near term. The trader, identified as wallet “0x049b,” used heavy leverage to enter both positions, which increases both potential gains and losses. The position holds 586.68 Bitcoin worth about $45.8 million and 19,416 Ethereum valued at nearly $44.7 million. The trade sits very close to its liquidation levels, so even small price drops could trigger a forced exit. Bitcoin entered around $78,540, while Ethereum started near $2,317, showing how tightly the position is set to current market prices. Leveraged Positions Raise Market Risk According to Hypurrscan data, the trader has 586.68 Bitcoins and 19,416 Ethereum via perpetual futures, with both positions leveraged 20 times in isolation. The position on Bitcoin was taken