ChainNews reports that a whale deposited about $500k into the market and opened an Ethereum short position of about $12.43 million, specifically 6,914 ETH, using 25x leverage. The current entry price is $1,790.36, the mark price is $1,797.70, and the liquidation price is $1,825.58. It is currently down by about $50.7k, and the liquidation price is only 1.55% away from the current market price.

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TheWindOnTheBridgeIsTooStrong.
· 5h ago
Entered at 1790 and now it’s 1797—I'm already trapped right after getting in; the chosen price level feels a bit awkward.
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MildRugAllergy
· 5h ago
A $50k unrealized loss for a $12.43 million position is also only about 0.4%, nothing major, but the 1.55% buffer is definitely exciting.
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ReorgPanicButton
· 5h ago
The whales go short and I go long; the reverse operation is a seaside villa (not
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GateUser-f78f1f3e
· 5h ago
Putting up a $500k margin to withstand more than $12M—liquidation price at 1825; with ETH just a slight push up, it’s gone.
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tvl_down_bad
· 5h ago
Leveraging 25x to go this big—your liquidation line is right overhead. Is this whale gambling for its life or does it genuinely have confidence?
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