A trader whose wallet address starts with 0xe813 has opened a 25x leveraged long on about 19,491 ETH. The position is worth roughly $45.34 million, according to Lookonchain data. It surfaced on Oct. 29 while Ether traded near $2,300, hours before US inflation and growth figures were due.
Smart trader 0xe813, with a 100% win rate, opened a 25x long on 19,491 $ETH ($45.34M) an hour ago and is now sitting on $315K in unrealized profit.
— Lookonchain (@lookonchain) October 29, 2026
This trader has completed 5 trades, winning all of them and making a total profit of $4.6M.https://t.co/N6DIATAryS pic.twitter.com/6vwOeSB9Tf
What the wallet opened
Lookonchain flagged the position about an hour before the main reports appeared.
The size is at about 19,490 ETH on Hyperliquid, with a liquidation price near $1,277.
A liquidation price is far from an entry near $2,300 for a 25x position. Isolated 25x positions are usually liquidated after a drop of a few percent. A gap this wide suggests the trader posted extra collateral.
The same address had earlier opened a larger long of 26,974 ETH, worth about $63.88 million, after a dip around Oct. 24 to 25. That trade was already showing gains when the new one appeared.
Ether sits at a technical crossroads
Ether traded around $2,310 to $2,320 on Oct. 29, according to TradingView data. That was down 1.5% to 2% on the day after it failed to hold above $2,400. The price was near a rising trendline around $2,300 and close to the 200-day exponential moving average, which it placed at roughly $2,316 to $2,320.
Traders were watching $2,280 and $2,250 as the next supports, with $2,200 below that. Resistance sat near $2,360 to $2,400. Spot Ether ETFs in the US had also logged several days of net outflows, in the tens of millions of dollars.
The timing drew attention because the PCE inflation reading and third-quarter GDP data were due at 8:30 a.m. ET.
Ash Crypto's post asked:
"Just before today's PCE and GDP data. What does he know?"
The risk on a leveraged bet
Traders were split on what comes next. Some expected a rebound from support. Others pointed to a possible drop toward $2,200 if the 200-day average gave way.
A long position loses money when the price falls, and leverage magnifies the loss. If Ether dropped far enough to hit the liquidation level, the exchange would close the position and the trader would lose the collateral behind it. Whale accumulation is often read as a bullish signal during weak markets, but it added that leveraged positions can be wiped out quickly.
A whale's position can also change within minutes. The trader can add margin, cut the size or close the trade, so a snapshot says little about the final outcome.
Anastasiia G
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