ETH continuous upward pressure test: million-level leveraged short positions realize increased unrealized losses

2026-01-06 03:40:09

【Crypto World】While ETH prices continue to rise, they also expose some traders’ risk exposure. On-chain data tracking shows that a leading Ethereum address holding a 3x short position is currently trapped, with unrealized losses expanding to $1.68 million. Such high-leverage inverse positions are easily vulnerable in a bull market—every time ETH rises, shorts face doubled loss pressures. Interestingly, on-chain frequent large-position failures like this reflect a shift in market sentiment and also serve as a reminder of the power of leverage tools. Currently, this position is still underwater, and its future direction depends on whether Ethereum can continue its upward momentum.

ETH0,19%

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MevHunter

· 01-08 19:54

1.68 million lost, and you're still daring to play 3x short? This is the consequence of greed.

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Degen4Breakfast

· 01-08 08:52

1.68 million dollars lost, this is the price of going against ETH.

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RooftopReserver

· 01-08 08:27

A $1.68 million unrealized loss—that's the price of greed.

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AirdropHunter

· 01-07 18:48

$1.68 million trapped, this is the cost of betting on the wrong direction.

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GateUser-c802f0e8

· 01-06 04:04

Haha, the short position got blown again, 1.68 million. That must hurt a lot.

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MrDecoder

· 01-06 04:02

1.68 million is okay, but the key is whether he still dares to continue leveraging?

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SleepTrader

· 01-06 03:57

1.68 million lost, this is the price of greed haha

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gas_fee_trauma

· 01-06 03:54

Haha, this is the consequence of playing with leverage. 1,680,000 gone... The short position this time is truly devastating; ETH is eating away at your holdings one by one. Another bloody lesson, leverage really is a double-edged sword... 3x shorting in a bull market is just asking for death, no need to say more. How are there still people willing to do this? Their courage is really bold. Continuous upward movement is just liquidating these reverse positions. Nice. Just looking at these data shows that market sentiment has completely reversed; shorts really have no way out. This guy must be unable to sleep now, 1,680,000 just gone like that?

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MetaMisfit