Whale shorts ETH 20x with $39.6 million, liquidation line stuck at $1,832


On-chain data reveals a massive short: a whale shorted 23,000 ETH with 20x leverage, position worth $39.6M, liquidation price at $1,832.
This whale has only traded ETH since June 10 and has already earned $3.15 million, with a win rate of 90%. But this time is different—ETH is currently around $1,730, only 5.9% above the liquidation line. If ETH breaks above $1,810 with increased volume, the $39.6M short position could serve as the best fuel, and the short squeeze could be very violent in the short term.
Another whale, pension-usdt.eth, is also short 26.5k ETH at 3x leverage, with a position worth $46 million.
With two big whales simultaneously shorting ETH, what are they seeing? Or are they wrong? #ETH #巨鲸 #做空 #DeFi
ETH0.96%
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