Recently, there has been an interesting phenomenon - a seasoned trader has been making frequent moves on Ethereum.

Specifically, he chose Ethereum as the main trading target, using a 25x leverage full margin operation. This leverage ratio indicates that he has a clear bullish expectation for the market. In terms of position size, the total value is approximately 18.77 million USD, corresponding to around 6200 ETH, which is already considered a relatively large order in on-chain trading.

The entry price is at 2978.26, and the current transaction price is around 3028.3, which has already achieved an unrealized profit of about $310,000 in a short period. The liquidation line is set at 2837.02, indicating that a certain downward tolerance space has been provided. Approximately $750,000 has been deposited for margin, which is a relatively cautious risk management.

Interestingly, the funding fee is negative (-24073.47), which reflects that the market currently has a weak bullish sentiment, and the rates tend to favor the short side. However, this large trader seems unconcerned and continues to firmly maintain a long position. This counter-trend accumulation typically indicates that professional traders have their own judgment about the upcoming market conditions.

Of course, high leverage itself means high risk, and any unexpected fluctuations can quickly trigger stop-losses. However, from this scale and operation, it is more of a strategic layout by professional institutions rather than blind gambling.