The post Whale Opens $60M ETH Long, $14M in Profits, $1.2K appeared on BitcoinEthereumNews.com. Key Insights: Whale opens $60.6M ETH long at 2x leverage with liquidation set near $1,190 level. Total profit hits $14.38M as ETH holds $3K zone; whale remains fully long on position. Long-term chart shows $1,800 bounce with projections suggesting possible move toward $10,000. Whale Opens $60M ETH Long, $14M in Profits, $1.2K Liquidation A large Ethereum long position worth $60.63 million has been opened using 2x leverage, according to trading data posted by Ted. The position consists of 20,000 ETH, with an entry price of $3,040.92. At the time of the snapshot, Ethereum was trading near $3,030.90, showing a small unrealized loss of $188,456.17. The trader has committed $30.31 million in margin to back the position. The liquidation level is set at $1,190.78, far below current market levels. This suggests the trader has strong capital behind the trade and is prepared to hold through price swings. Despite the short-term loss, the account shows $14.38 million in total profits, based on the equity chart covering the last several months. Position Fully Allocated to ETH The account is 100% long on Ethereum. No short positions are active. Margin usage is listed at 81.3%, meaning most of the capital is in play but not maxed out. The trade structure shows high exposure to ETH but with some buffers available. The profit curve shows a steady rise since mid-November. The current drawdown is minor in relation to the total account gain. This may point to well-timed entries earlier in the quarter. The position remains open and is near breakeven. Long-Term Chart Shows $1,800 Support Zone A separate chart shared by Ali  shows Ethereum holding above a trendline that has been active since 2022. The price touched this support area near $1,800 earlier this year before recovering. Ali commented,  “Ethereum $ETH at $1,800 looks like… The post Whale Opens $60M ETH Long, $14M in Profits, $1.2K appeared on BitcoinEthereumNews.com. Key Insights: Whale opens $60.6M ETH long at 2x leverage with liquidation set near $1,190 level. Total profit hits $14.38M as ETH holds $3K zone; whale remains fully long on position. Long-term chart shows $1,800 bounce with projections suggesting possible move toward $10,000. Whale Opens $60M ETH Long, $14M in Profits, $1.2K Liquidation A large Ethereum long position worth $60.63 million has been opened using 2x leverage, according to trading data posted by Ted. The position consists of 20,000 ETH, with an entry price of $3,040.92. At the time of the snapshot, Ethereum was trading near $3,030.90, showing a small unrealized loss of $188,456.17. The trader has committed $30.31 million in margin to back the position. The liquidation level is set at $1,190.78, far below current market levels. This suggests the trader has strong capital behind the trade and is prepared to hold through price swings. Despite the short-term loss, the account shows $14.38 million in total profits, based on the equity chart covering the last several months. Position Fully Allocated to ETH The account is 100% long on Ethereum. No short positions are active. Margin usage is listed at 81.3%, meaning most of the capital is in play but not maxed out. The trade structure shows high exposure to ETH but with some buffers available. The profit curve shows a steady rise since mid-November. The current drawdown is minor in relation to the total account gain. This may point to well-timed entries earlier in the quarter. The position remains open and is near breakeven. Long-Term Chart Shows $1,800 Support Zone A separate chart shared by Ali  shows Ethereum holding above a trendline that has been active since 2022. The price touched this support area near $1,800 earlier this year before recovering. Ali commented,  “Ethereum $ETH at $1,800 looks like…

                                                                               Robinhood acquired an Indonesian brokerage and digital asset trading firm to access a market with 17 million crypto investors.                     Crypto and stock trading platform Robinhood is set to tap into Indonesia’s burgeoning cryptocurrency trading market after an agreement to acquire two local fintech companies.In an announcement on Sunday, Robinhood said it has entered into agreements to acquire Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed Indonesian digital financial asset trader, “marking our entry into one of Southeast Asia’s fastest-growing markets.”It said that Indonesia has more than 19 million capital market investors and 17 million crypto investors, making it a “compelling market for equities and crypto trading.”Read more