Trouble strikes twice. A major trader is doubling down on $ETH long positions while the market tests their resolve.

The position breakdown tells the story: 25x leverage on $ETH, 10x on $HYPE, and a substantial 40x $BTC long. But here's where it gets brutal—in just the past day, unrealized profits have evaporated by 1.55M.

This kind of liquidation pressure exposes what happens when conviction meets volatility. The trader's aggressive stacking across multiple altcoins and Bitcoin suggests a bullish thesis, yet the rapid drawdown raises questions about market structure and whether these leveraged bets can survive the next swing. For anyone tracking whale movements, this is the kind of data point that hints at where real money might be nervous.