Odaily reported, citing monitoring from Onchain Lens, that a whale address has opened a 20x leveraged short position on Ethereum. The current position holds 23,000 ETH and is valued at $39.64 million. The reported liquidation price for the position is $1,832.43.
Position Size and Liquidation Level
In contract trading, a short position generally reflects a bet that the price of the underlying asset will move lower. A 20x leveraged position means the notional exposure is amplified relative to the margin used to support it. The liquidation price of $1,832.43 is the key level identified in the monitoring data, at which the position would meet the exchange’s liquidation conditions under applicable trading rules.
Onchain Lens also monitored that, since June 10, the same whale has generated more than $3.15 million in profit through both long and short ETH trades. The information disclosed in this report centers on the whale’s leveraged Ethereum short, including the amount of ETH held, the dollar value of the position, and its liquidation price.