Ethereum outperformed major U.S. equity benchmarks overnight, even as storage and semiconductor names came under pressure. According to Hyperinsight, U.S. stock indexes finished broadly flat, while Micron and SK Hynix ADRs each fell more than 8% in a concentrated pullback across storage and chip stocks. Over the same period, ETH rose about 2.9% to roughly $1,922.15, extending its lead over both the broader U.S. market and semiconductor shares. The move added pressure to one of the market’s largest ETH bears. The whale address "pension-usdt.eth" is currently running a 3x fully margined short position of 50,000 ETH, with a notional value of about $96.105 million. The position was opened at an average entry price of $1,700.06 and is now showing an unrealized loss of $11.102 million, or 39.2%. Hyperinsight data shows the position’s liquidation price stands near $2,176.25, about 13.2% above the current market price.
On July 16, Hyperinsight data showed that major U.S. stock indexes finished the overnight session flat, while storage and semiconductor shares saw a concentrated pullback. Micron and SK Hynix ADRs each closed down more than 8%.
During the same period, ETH rose about 2.9% to roughly $1,922.15, continuing to outperform both the broader U.S. equity market and semiconductor stocks.
Large ETH bear remains under pressure
The whale short seller known as "pension-usdt.eth" is currently holding a 3x fully margined short position in 50,000 ETH, with a notional size of about $96.105 million. The average entry price for the position is $1,700.06.
At the current price, the position is showing an unrealized loss of about $11.102 million, or 39.2%. Its liquidation price is around $2,176.25, which is about 13.2% away from the current market price.
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