by Coinstrooper Crypto Articles
Quick Take
  • After the FED announced interest rate cuts, major whale wallets began pouring capital into long positions on Ethereum (ETH).
  • These moves signal strong confidence in ETH’s upside.
  • Several factors suggest that their long positions may face liquidation soon without effective risk management.
  • Whale behavior offers a clear view of current sentiment.

What Happened

After the FED announced interest rate cuts, major whale wallets began pouring capital into long positions on Ethereum (ETH). These moves signal strong confidence in ETH’s upside. They also increase overall risk.

Market Context

On-chain tracking account Lookonchain reported that a well-known whale, considered a Bitcoin OG, recently expanded a long position on Hyperliquid to 120,094 ETH. The liquidation price sits at only $2,234.

Similarly, another well-known trader, Machi Big Brother, is maintaining a long position worth 6,000 ETH with a liquidation price of 0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872" rel="nofollow noopener noreferrer" target="_blank">$3,152.

Additionally, on-chain data platform Arkham reported that the Chinese whale trader who called the 10/10 market crash is now holding a $300 million ETH long position on Hyperliquid.

Whale activity in ETH long positions reflects their expectation of a near-term price increase. However, behind this optimism lies a significant risk stemming from Ethereum’s leverage levels.

CryptoQuant data shows that ETH’s estimated leverage ratio on Binance has reached 0.579 — the highest in history. This level indicates extremely aggressive leverage usage. Even a small price swing could trigger a domino effect.

“Such a high leverage ratio means that the volume of open contracts financed by leverage is rising faster than the volume of actual assets on the platform. When this occurs, the market becomes more vulnerable to sudden price movements, as traders are more susceptible to liquidation—whether in an upward or downward trend,” analyst Arab Chain said.

Historical data indicate that similar peaks typically coincide with periods of intense price pressure and often signal local market tops.

Spot Market Weakness Adds More Risk

The spot market is also showing clear signs of weakening. Crypto market watcher Wu Blockchain reported that spot trading volume on major exchanges dropped 28% in November 2025 compared to October.

Why It Matters

Several factors suggest that their long positions may face liquidation soon without effective risk management.

Combined, low spot buying power, high leverage, and shrinking stablecoin reserves reduce ETH’s ability to recover. These conditions could put whale long positions at significant risk of liquidation.

The post Whales Are Going All-In on Ethereum — But Record Leverage Puts Their Longs at Risk appeared first on BeInCrypto.

Details

How Confident Are Whales in Their Ethereum Long Positions?

Whale behavior offers a clear view of current sentiment.

This position is currently showing a 24-hour PnL loss of more than $13.5 million.

ETH Leverage Is Reaching Dangerous Highs

Another report from BeInCrypto highlighted that stablecoin inflows into exchanges have declined by 50%, falling from $158 billion in August to $ 78 billion as of today.