According to @EmberCN, a trader opened an ETH long with $740,000 at around $4,247 and scaled it up to 15,800 ETH by pyramiding unrealized gains during the latest rally (source: @EmberCN on X). According to @EmberCN, the account value has grown to approximately $2.42 million with about $1.7 million in unrealized profit (source: @EmberCN on X). According to @EmberCN, the aggressive pyramiding leaves the liquidation price very close to spot, roughly $60 away from the current ETH price, highlighting elevated liquidation risk for the position (source: @EmberCN on X).

According to @EmberCN, a trader who rolled an ETH long from $125,000 to $6.99 million capitulated about 30 minutes ago after multiple liquidations and closed with a realized loss of $6.21 million, source: @EmberCN. The long campaign started two afternoons ago around an ETH price of $4,304, initially profitable before the trader kept compounding unrealized gains, source: @EmberCN. Position size was ramped to roughly $146 million notional, and higher leverage raised the liquidation price, contributing to repeated liquidations, source: @EmberCN. This case underscores the elevated blow-up risk of overleveraged ETH futures longs during volatility and the hazards of rolling profits into higher leverage, source: @EmberCN.