A cryptocurrency whale has initiated a $28,917,000 long position on Ethereum (ETH) using 25x leverage, as stated in publicly shared trading information on February 23, 2026. The reported liquidation price for the trade is $1,819.
Data shown in the trading indicates the position size at almost 15,103 ETH, with an entry price of $1,881.78. At the time of the post, ETH was trading at $1,915.50, placing the position in a profit. The unrealized profit was shown at $495,984.08, indicating a return on equity (ROE) of 42.88%.
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25x Leverage Magnifies Risk and Reward
According to the data given by CoinMarketCap, at the time of writing, the coin is trading at $1,849.52, with a 4.58% decrease in rate. The market cap of the asset has exceeded $224.05 billion, and the volume of the coin is around $21.39 billion.
Using 25x leverage indicates the investor is borrowing capital to increase exposure to ETH’s value actions. With a grip at this level, even small price changes can significantly influence gains or losses. The margin used for the position was exhibited at $1,156,895.44.
The liquidation price of $1,819 reflects that if ETH’s value decreases to that level, the exchange would spontaneously close the arrangement to prevent further losses. Based on the entry price of $1,881.78, a drop of roughly 3.3% would trigger liquidation under the particular leverage conditions.
Leverage of 25x is regarded as high-risk in derivatives markets. In constant futures trading, price swings of a few percentage points within short timeframes are usual, expanding the prospect of liquidation when leverage is raised.
Ethereum Price Context
At the time of the trade closing, ETH was trading above $1,900. ETH has shown significant intraday volatility throughout February 2026, with value actions driven by derivatives positioning, the macroeconomic data releases, and larger crypto market sentiment.
ETH remains the second-largest cryptocurrency by market capitalization. Futures and incestant swap markets account for a significant portion of its daily trading volume. Whale-sized positions in derivatives markets are frequently monitored by traders, as large leveraged bets can influence short-term volatility, particularly if forced liquidations occur.
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