On the Dark Side: Same Trader, New Bets with 20x Leverage

gas_fee_therapy · 2026-02-15T07:04:27+00:00

A trader is employing aggressive strategies in the market, establishing a $49.4M short position on ETH while also taking a $22M short on SOL. The ETH position faces losses while the SOL position shows gains, underscoring high-risk trading dynamics.

gas_fee_therapy

2026-02-15 07:04:27

Abstract generation in progress

A familiar player is back in the arena, this time executing an aggressive strategy that echoes their previous success. This trader previously cashed in approximately $7.2M by executing short positions, and now they’re doubling down on the dark side of the market with multiple new leveraged bets.

ETH Short Position: $49.4M Bet Against The Market

The trader has established a significant short position on ETH, opening a 20x leveraged trade with roughly 21,388 tokens at stake. The position size reaches approximately $49.4M, initiated near the $2,200 level. As of now, ETH is trading around $2.09K, marking a notable shift in market conditions. The current unrealized loss sits at approximately $1.35M, reflecting the position’s underwater status. The liquidation threshold looms significantly higher at $3,471, while the trader maintains roughly $2.47M in margin to keep the position alive.

SOL Short Position: $22M Play with Paper Gains

A contrasting picture emerges with the SOL short position. This 20x leveraged bet consists of approximately 227,635 SOL tokens, totaling around $22.06M in position size. The entry point was near $98.87, and with SOL now trading around $89.43, this particular short is currently securing unrealized gains of roughly $442K. The margin buffer stands just above $1.1M, while the liquidation level sits relatively distant at the $212 mark.

The Risk Calculus: Where Margin Meets Market Volatility

These positions paint a portrait of high-risk, high-reward trading. The ETH short is bleeding losses while SOL shows promise, illustrating how a single trader can hedge their bets across different assets. The margin levels—$2.47M for ETH and $1.1M for SOL—represent the only barriers between continued position holding and forced liquidation.

Whether this dark side strategy transforms into another successful campaign or becomes an expensive learning moment remains uncertain. The market, as always, will have the final word.

On-chain address: 0x152e41f0b83e6cad4b5dc730c1d6279b7d67c9dc

ETH-0,53%

SOL-1,94%

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