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This man just opened a massive bearish bet against ETH.
Wallet 0x50b3 is currently holding a 25x leveraged short on 31,056 $ETH , with the total position now worth around $68.08M. The trade was opened at an average entry price of $2,177.19, while ETH is currently trading near $2,192.4, leaving the whale sitting on an unrealized loss of roughly $466K so far. Despite being underwater already, the position remains fully open with 100% short exposure.
What makes this trade especially risky is the leverage. With only about $2.72M in margin backing a $68M position, the liquidation price sits at $2,263.74 , meaning a relatively small move upward in ETH could quickly put serious pressure on the position.
Address: 0x50b309f78e774a756a2230e1769729094cac9f20