Odaily, citing monitoring data from Onchain Lens, reported that a whale 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 monitored data.
The Ethereum short position has a liquidation price of $1,832.43. A leveraged short position generally reflects a trade direction against the price of the underlying asset. In leveraged trading, the liquidation price is a key risk level for the position, as reaching the relevant conditions can expose the position to forced liquidation.
Onchain Lens also showed that since June 10, the same whale has generated more than $3.15 million in profit through ETH long and short trades. With this 20x leveraged short now open, the address’s Ethereum trading activity remains centered on large leveraged positions, while the position size and liquidation price are the main figures disclosed in the on-chain monitoring update.