• Whale 0xa523 holds 78,508.84 ETH worth $345.57M at 19.11x leverage, facing $8.94M unrealized losses.
• The wallet added 20,800 ETH ($92.8M) at $4,470 and $4,450, raising exposure despite liquidation risk at $4,297.67.
• Profit target is set at $5,300 with four limit sell orders placed, while weekly losses reached $23.05M.

Ethereum trading data shows that whale address 0xa523 has increased its leveraged long exposure even as losses mount. Over the past week, the account recorded losses exceeding $23 million, yet continued building one of the largest Ethereum long positions on record.

Leveraged Position Overview and Position Expansion

The whale currently holds a long position worth $345.57 million, equal to 78,508.84 ETH. All exposure is concentrated in Ethereum perpetual contracts, with leverage set at 19.11x. The average entry price stands at $4,515.60, while Ethereum trades at $4,405.00. Unrealized losses are recorded at $8.94 million, reflecting a negative return on equity of 38.82%.

The liquidation level for the position sits at $4,297.67, only marginally below the current market price. Despite these conditions, the whale expanded its exposure during the past 15 hours. Additional purchases of 20,800 ETH were executed at $4,470 and $4,450, totaling $92.8 million.

This increase raised the total position value further, consolidating the whale’s stance on Ethereum. Open orders reveal profit-taking targets positioned well above current trading levels. At least four limit sell orders remain set at $5,300, marked reduce-only, and distributed in increments of 21 ETH and 14 ETH.

Performance Trends Revealed

The profit and loss chart covering August 26 to September 1 reflects significant volatility. Weekly losses peaked at $23.05 million, with intraday drawdowns approaching $30 million. Temporary gains were erased as the account consistently fell below breakeven. Equity within perpetual contracts totals $18.08 million, with no withdrawable margin available. Margin usage is reported at 127.42%, underscoring the scale of leverage.

Funding payments added pressure to performance, with records showing $404,695.39 paid in negative funding costs. Price action data shows Ethereum briefly reached $4,515 before sliding toward the $4,400 level. The whale’s entries occurred during this retracement phase. Market statistics confirm broader participation as open interest in Ethereum stood at $3.67 billion, while 24-hour trading volume totaled $2.51 billion. Charts indicate buying activity at higher levels, but current market levels place the whale’s position near liquidation thresholds.

The whale’s exposure remains fully committed to Ethereum with no short positions recorded. Orders remain aligned with a take-profit level of $5,300. The margin profile shows a thin cushion between liquidation at $4,297.67 and prevailing market levels near $4,405. With a position valued at over $345 million, this trade remains one of the largest Ethereum longs currently tracked.