According to @rovercrc, a whale is selling BTC to rotate into ETH and has deposited $20M USDC to open a 6x leveraged ETH long position (source: @rovercrc on X, Aug 21, 2025). The same source reports the whale now holds 78,265 ETH in long positions valued at about $334M across five wallets (source: @rovercrc on X, Aug 21, 2025). Based on these figures, 6x leverage on $20M margin implies roughly $120M notional for that leg, while 78,265 ETH against a stated $334M value implies about $4,270 per ETH at the time of reporting (derived from and consistent with @rovercrc’s figures on X, Aug 21, 2025).