There's this Ethereum whale who's absolutely crushing it right now. They're sitting on a massive 7x leveraged long - we're talking 20,955 ETH here, which comes out to roughly $66.1 million at current prices.

The really interesting part? They're up $4.04M in unrealized gains. Not too shabby for a high-risk play.

But here's what caught my attention: their liquidation price sits at $2,703.89. That's the number to watch. If ETH drops to that level, this entire position gets wiped out. Given where ETH is trading now, they've got some breathing room, but leverage is always a double-edged sword.

This kind of conviction from a major player usually signals strong bullish sentiment. Whether they're right or not, positions of this size tend to move markets.