Mysterious Whale Places Massive $99M Leveraged Bet on Ethereum

An anonymous trader has opened a $99 million long position on Ethereum with 25x leverage, sparking speculation about potential access to inside information given the trader's 100% win rate across over 3,000 trades. The position was opened at approximately $2,660 with a liquidation price of $2,552. Meanwhile, data from Santiment shows that the supply of ETH on exchanges has dropped to below 3.5%, a trend analysts view as bullish for the asset's price.