Ethereum Whale Adds $2M Margin to Defend 120,000 ETH Leveraged Long Position Amid $94M Unrealized Losses
By
Sophie Chastain
Summary
A major Ethereum investor, described as a 'stubborn bull,' added $2 million in USDC as margin to defend a 120,000 ETH leveraged long position on June 25, 2026. The investor faces approximately $94 million in unrealized losses but continues to hold the position, signaling high conviction in an ETH price recovery. On-chain analysts note the position's liquidation price is around $2,340, with ETH trading near $2,400, making the additional margin a strategic move to avoid forced liquidation.
Source
bskyEthereum Whale Adds $2M Margin to Defend 120,000 ETH Leveraged Long Position Amid $94M Unrealized Lossescryptofox.newsKey quotes
· 3 pulledThe entity associated with four specific wallet addresses injected an additional $2 million in USDC as margin to maintain a long position totaling 120,000 ETH.
This move comes as the participant faces substantial unrealized losses, signaling a high-conviction bet on the recovery of the Ethereum (ETH) price.
The stubborn bull's conviction is being put to the test as market conditions remain uncertain.
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