Odaily reported that on-chain analyst Ai Yi monitored a large leveraged ETH position opened by an unidentified address. At 19:53, the address deposited 3 million USDC and then opened a 20x long position involving 36,826 ETH. Based on the reported figures, the position was valued at $61.13 million at the time of monitoring.
The reported entry price for the position was $1,620.6 per ETH. With ETH quoted at $1,658.8 at the time of the update, the address was showing an unrealized profit of $1.608 million in less than two hours. The figures cited in the report came from Ai Yi’s monitoring of the address and the related position information.
A 20x leveraged position increases the notional size of exposure and also magnifies changes in profit and loss as the underlying price moves. In this case, the key disclosed details are the 3 million USDC deposit, the 36,826 ETH long position, the $61.13 million position value, the $1,620.6 entry price, the $1,658.8 current price, and the $1.608 million unrealized profit.