According to Lookonchain, top trader @JamesWynnReal has initiated a significant long position on Ethereum ($ETH) using 25x leverage, accumulating 22,548 ETH valued at $60.4 million with an entry price of $2,666.31. The position currently shows an unrealized profit of $270,000 (source: Lookonchain via Twitter, May 23, 2025). This high-leverage bet from a prominent trader signals strong short-term bullish sentiment among institutional players, which may influence Ethereum's price volatility and attract increased trading activity in the derivatives market. Traders should monitor potential liquidations and increased volume on ETH pairs as the position evolves.

According to Lookonchain on X, a trader has deposited additional USDC into Hyperliquid and continued to short ETH with 25x leverage, leading to a current loss exceeding $2.6 million. The reported liquidation price for this highly leveraged position is $2,343.4. These aggressive moves highlight significant risk exposure and may increase volatility in ETH perpetual markets. Crypto traders should monitor ETH price levels closely, as liquidation events at such a scale could spark sudden price swings or trigger cascading liquidations across exchanges. (Source: Lookonchain, x.com/lookonchain/status/1920742501620613354)