Ether Whales bet $100M after US Airstrike on Iran

Ether whales are betting hundreds of millions of dollars on the price recovery of the world’s second-largest cryptocurrency despite geopolitical tensions that are sidelining investors and dampening risk appetite.

One whale (a large cryptocurrency investor) has opened an Ether (ETH) long position of over $101 million with 25x leverage at the entry price of $2,247, according to blockchain data from Hypurrscan.

The investor generated over $900,000 in unrealized profit, but paid over $2.5 million in funding fees. His position stands to be liquidated if…