On March 4th, COINOTAG reported significant activity in the **Ethereum** market as a prominent trader, often referred to as a **whale**, initiated a **short position** using **50x leverage** on the exchange, **Hyperliquid**, back in January. As of now, this position boasts an impressive **unrealized profit** nearing **$78.03 million**. Analysts suggest that if the price of **Ethereum** ascends to **$3507.3**, this strategically placed position will face liquidation. Such trades highlight the heightened volatility in the crypto landscape, as savvy investors leverage opportunities for substantial gains while navigating market fluctuations. The implications of this whale’s actions could resonate throughout the crypto community, serving as a critical reminder of the risks associated with **high-leverage trading**. Investors are urged to exercise caution and remain informed as **Ethereum** continues to show potential for price movement.