PEPE bulls turn to go long on ETH, from a profit of 960,000 to a loss of 220,000, then restart

According to the latest news, the former PEPE largest long position today re-entered a long ETH with 5x leverage, opening a single position of 6,776.62 ETH at an average price of $3,006.63, currently showing a floating profit of $47,000. This trader’s every move is worth paying attention to—his historical track record is impressive, but he has also recently experienced losses. What signals are behind this restart of long positions?

The “Ups and Downs” of the Whale

This trader’s identity is quite special. He was once the largest long holder of kPEPE on Hyperliquid, ultimately making a profit of $963,600, which is a solid achievement in high-risk leveraged trading. But just yesterday, he lost $223,900 on a long ETH position. Such rapid fluctuations are typical for aggressive traders.

Now, he has not been deterred by the shadow of losses but quickly adjusted his strategy and re-entered with 5x leverage. This quick response and persistent aggressive style reflect the characteristics of such traders: unafraid of losses, willing to repeatedly operate amid market volatility.

ETH Price Context and Timing

Based on relevant data, ETH is currently priced at $3,008.58, and this long position’s average entry price of $3,006.63 is almost perfectly aligned. The timing of this move is noteworthy:

• 24-hour increase of 1.04%, in a slight rebound phase
• 7-day decrease of 8.30%, just after a significant correction
• 30-day increase of 0.53%, overall in a consolidation zone

From this perspective, he chose to enter after ETH declined for a week, a typical “buy-the-dip” strategy. When market sentiment is pessimistic, such aggressive traders often choose to step in.

Multiple Market Signals

There are several noteworthy points about this restart of ETH long positions:

Consistency in trading style

Whether it’s PEPE or ETH, this trader employs high leverage strategies (5x), indicating a relatively fixed trading philosophy—pursuit of short-term high returns and willingness to accept high risks.

From single-asset to multi-asset positioning

Shifting focus from PEPE to ETH reflects the rotation of market hotspots. When opportunities in one coin fade, aggressive funds quickly move to new targets.

Rapid response after losses

A loss of $223,900 might be devastating for ordinary investors, but for whales like this, it’s just an adjustment. Quick closing and rapid re-entry demonstrate the psychological resilience and risk management skills of professional traders.

Summary

This former PEPE long’s restart of ETH long positions essentially reflects the flow characteristics of aggressive capital in the market. They don’t exit after a loss; instead, they quickly adjust based on market conditions. When you see such whales heavily accumulating in a certain coin, it usually indicates they have identified an opportunity at that moment—whether or not this opportunity ultimately materializes, market participants should stay alert. For ordinary investors, observing these aggressive traders’ moves can help understand market sentiment shifts, but they should never blindly follow, as these traders’ risk tolerance and operational skills far surpass those of average investors.