Giant Whale Opened a Short Position on Ethereum: That Price Will Cause a Million Dollar Loss! - Coin Bulletin

Koinbulteni · 2025-04-22T09:00:55+00:00

A whale sold 2.056 ETH and opened a short position with 10x leverage, causing market pressure. The investor's short position currently shows a loss of $203,022.61. The impact of such large trades on the Ethereum market remains to be seen.

Koinbulteni

2025-04-22 09:00:55

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A cryptocurrency whale sold 2.056 Ethereum (ETH) and also opened a short position on ETH with 10x leverage.

According to Lookonchain data, in a transaction that took place last night, a large investor sold 2,056 ETH worth $3.27 million at $1,591**. Furthermore, this person appears to have created selling pressure in the market by shorting ETH with 10x leverage on the HyperLiquid platform. Such large transactions can cause price volatility, especially in leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

The investor took a large position expecting Ethereum prices to drop.

Currently, the price of Ethereum is trading at around 1,647 dollars, and the short position taken by the investor shows a loss of 203,022.61 dollars. The liquidation level of the position is set at 1,864 dollars.

The impact of such large transactions and short positions on the Ethereum market will become clearer over time.

ETH-0,32%

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