Odaily reported, citing monitoring by Onchain Lens, that a whale address has opened a 20x leveraged short position on Ethereum. The position currently holds 23,000 ETH and is valued at $39.64 million based on the monitoring data. Its liquidation price is listed at $1,832.43.
The address has earned over $3.15 million from ETH long and short trades
According to the same monitoring information, the whale has made more than $3.15 million in profit from ETH long and short trades since June 10. The newly disclosed position is a short, meaning the address is currently using leverage to take a downside position on Ethereum.
In crypto derivatives trading, 20x leverage indicates that the trader is using a multiplier to increase the size of the position, while the liquidation price is a key reference point for the position’s risk. The main details disclosed in this report are the position size, the amount of ETH held, the liquidation level, and the whale’s recent profit from trading ETH in both directions.