According to Lookonchain, top trader @JamesWynnReal has opened a massive long position on Ethereum (ETH) using 25x leverage, with a total size of 22,548 ETH (valued at $60.4 million) at an entry price of $2,666.31. Currently, the position is showing an unrealized profit of $270,000. This significant leveraged position highlights increased confidence among whales and could drive short-term volatility and liquidity in the ETH perpetual and spot markets. Traders should closely monitor ETH price levels around $2,666 and be aware of potential liquidations if price swings intensify (Source: Lookonchain via Twitter, May 23, 2025).