Odaily reported that, according to monitoring by the on-chain data platform Onchain Lens, 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 data disclosed in the report. Its liquidation price is listed at $1,832.43.
The whale has earned more than $3.15 million since June 10
Onchain Lens also stated that since June 10, the same whale has made more than $3.15 million in profit through Ethereum long and short trades. The newly disclosed position is a short position, while the prior trading record referenced by the monitor includes both long and short activity involving Ethereum.
The report did not disclose additional identity details about the address. It also did not provide the opening price, margin amount, or the trading platform connected with the position. The available figures center on four data points: 20x leverage, 23,000 ETH held in the position, $39.64 million in position value, and a liquidation price of $1,832.43.