According to on-chain data from today, February 11, 2026, a whale wallet (address 0x6C85) just opened a massive $80.92 million "Long Position" on Ethereum.
For those keeping track:
The Bet: They are betting that the price of $ETH is going to go up from here.
The Collateral: They moved over 30 million USDC onto the Hyperliquid platform to back this trade. 💰
The Timing: This happened right as Ethereum was struggling to hold the major $2,000 price level.
Why This is a "High-Stakes" Move
This isn't just a normal buy. This whale is using leverage (around 20x).
The Reward: If Ethereum bounces back toward $2,500, this whale could make hundreds of millions in profit.
The Risk: Because they are using leverage, if the price drops just a little further—specifically toward the $1,940 range—their entire $80 million position could be "liquidated" (lost) instantly. 📉💥
However, remember that whales have much deeper pockets than most people. They can afford to take these massive risks, and sometimes they even use these positions to "hedge" other trades. Never feel pressured to follow a whale's trade exactly-their "safety net" is much bigger than ours!.#WhaleDeRiskETH #Ethereum $ETH
