Yeliz Akmaca 
An Ethereum trader turned a $125,000 investment into millions within four months. However, overnight losses wiped out almost all gains. ETH long positions collapsed, leaving the account at just $771,000. The case highlights the risks of aggressive trading strategies.
Trader’s Gains and Collapse
According to Lookonchain, the trader compounded profits on Hyperliquid, growing the account to $29.6 million. They held a 66,749 ETH position, valued at roughly $303 million. Two days ago, the trader closed the longs, locking in $6.86 million profit and leaving $6.99 million in account equity.
However, the trader quickly re-entered the market with another large ETH long. The market then reversed, resulting in a disaster. $6.22 million worth of positions were liquidated, erasing nearly four months of gains in under 48 hours. The account balance now stands at $771,000.
https://twitter.com/lookonchain/status/1957342058802487525
Ethereum Dip Buying Opportunities
Analyst Michaël van de Poppe sees the current pullback as an accumulation chance. He identifies the $4,100–$4,200 zone as ideal for dip buying. He expects at least a 10% rebound from this level. Ethereum’s volatility is likely to decrease soon, paving the way for a new accumulation phase.
Meanwhile, Kiyotaka data shows strong resting buy orders down to $3,900. These accumulation zones indicate high buyer interest if ETH declines further. Disciplined dip buyers could benefit significantly from this pullback.
This case demonstrates the risks of aggressive ETH longs. However, the market still offers strategic opportunities for careful traders.
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