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).

According to @rovercrc, a whale is dumping BTC and deposited $20M USDC to open a 6x leveraged long on ETH, signaling an aggressive rotation from BTC to ETH, source: @rovercrc on X. According to @rovercrc, the trader now holds 78,265 ETH in long positions valued at about $334M across five wallets, source: @rovercrc on X.

According to Lookonchain, a Bitcoin OG created a new wallet, deposited $20M USDC, and opened a 6x leveraged long on ETH; across five wallets, the trader now holds 78,265 ETH in long positions valued at $334M. Source: https://x.com/lookonchain/status/1958546822462570971 On-chain records for the newly created wallet are visible on Hypurrscan. Source: https://hypurrscan.io/address/0x3e10

According to Cas Abbé, a whale has opened a $40 million BTC short position with 6x leverage, entering at $92,469 and facing a liquidation price of $107,180. Currently, there is an unrealized loss of $450K, indicating significant risk of liquidation if Bitcoin maintains current price trends.

According to Lookonchain, two wallets, potentially controlled by the same Bitcoin whale, initiated a significant short position on BTC using 6x leverage at entry prices of $92,469.1 and $92,664.8. The total position size is $74.5 million, with liquidation thresholds set at $107,220 and $107,160, respectively. This strategic move indicates confidence in a potential price pullback despite recent Bitcoin price surges.