ChainCatcher reported, citing monitoring by Onchain Lens, that a whale has opened a 20x leveraged short position on Ethereum. The current position holds 23,000 ETH, with a monitored position value of $39.64 million. The liquidation price for the position is $1,832.43.
Whale Has Made Over $3.15 Million From ETH Long and Short Trades
According to the same monitoring data, the whale has generated more than $3.15 million in profit through ETH long and short trades since June 10. The newly disclosed position is an Ethereum short position using 20x leverage, meaning price movements in the position have an amplified effect on the margin. The stated liquidation price of $1,832.43 is the key risk parameter disclosed for this position.
The information was attributed to Onchain Lens monitoring and reported by ChainCatcher. The disclosed details are limited to the whale’s current ETH short size, the value of the position, the liquidation price, and the whale’s cumulative profit from ETH long and short trading activity since June 10.