Odaily reported that, according to monitoring by 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. Its reported liquidation price is $1,832.43.
Leveraged ETH short and recent trading gains
Based on the disclosed data, the position is a short, meaning it is structured to profit when the price of Ethereum moves lower. The use of 20x leverage makes the position more sensitive to price changes. The liquidation price of $1,832.43 is a key risk parameter for the trade; if the relevant exchange conditions for forced liquidation are met at that level, the position would face liquidation under platform rules.
Onchain Lens also reported that, since June 10, the same whale has made more than $3.15 million in profit through ETH long and short trades. The disclosed figures indicate that the address has not traded only one direction, but has accumulated profit through both long and short ETH positions during the period. The monitoring update did not include the identity of the address holder or the name of a specific trading platform.