A trader identified as 0x2371, who maintains a 100% win rate and $9.26 million in total profits, has opened a 20x leveraged long position on 12,000 ETH worth $29.88 million following a market dip. The position is currently showing an unrealized profit of $626,000. The trade was tracked by on-chain analytics platform Lookonchain, highlighting the trader's continued aggressive positioning in Ethereum despite recent market volatility. The substantial leverage and position size underscore high conviction in a near-term price recovery.