2025-12-20 17:20:12

#BinanceABCs $ETH's market has a new story. A crypto whale used 15x leverage to short Ethereum, establishing a $105 million short position. The result? The account's unrealized loss has already accumulated to $12.55 million.

What does this transaction reveal? Why would large funds leverage up to bet on a downturn at this point? Is it a pessimistic outlook on the subsequent market trend, or is there a deeper hedging strategy? The actions of whales often reflect subtle market changes. When such a large short position starts flashing red, it indicates either a misjudgment or that they are under pressure. The future direction of Ethereum's price movement is worth close attention.

ETH-1.15%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

22 Likes

Reward
22
5
Repost
Share

Comment

0/400

BlockchainBouncer

· 12-23 15:59

Ha, yet another story of a Whale's tragedy, 12.55 million unrealized losses make me laugh to death. --- How can he still show so many red lights with 15x shorting? What is this guy really betting on? --- They talk about hedging strategies, but I see it as pure betting, and now they got slapped in the face. --- I've seen plenty of cases where a Whale misjudged. Even when eating noodles, their judgment is more accurate than this. --- This wave of ETH still needs to surge upward. The short positions really need to close all positions now. --- Investing 105 million and ending up like this, where's the risk control from the institutions? Are they asleep? --- Why does it have to be 15x? Can't it be 5x? Why go to the extreme? --- Just by looking at this unrealized loss amount, you can tell that big capital's judgment is not the gold standard. --- This wave of ETH is indeed interesting. The Whale being trapped has actually given me confidence.

View OriginalReply0

NFTHoarder

· 12-23 14:43

15x leverage short order unrealized losses of 12.55 million, this Whale seems to have made a wrong judgment...

View OriginalReply0

TokenStorm

· 12-20 17:48

Still daring to play with 15x leverage, is this guy really ruthless or just a pure gambler? On-chain data looks clear, but who can predict the next second?

View OriginalReply0

LowCapGemHunter

· 12-20 17:44

Haha, this is the cost of 15x leverage. Losing 12.55 million directly evaporates, even the whales have a bad day.

View OriginalReply0

ForkItAll

· 12-20 17:35

Oh no, another whale is trapped. How can they sleep with a floating loss of 12.55 million... Playing short with 15x leverage, this guy really dares to do it.

View OriginalReply0