Odaily reported, citing monitoring by Onchain Lens, 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, according to the disclosed monitoring data. The liquidation price for the position is $1,832.43.
Position Size and Liquidation Level
The trade was established as a short position, meaning the whale’s current exposure is positioned in the direction of a decline in the price of Ethereum. The use of 20x leverage increases the size of the position relative to margin, while the liquidation price serves as the key threshold associated with the position’s risk. Based on the reported figures, $1,832.43 is the liquidation price attached to this Ethereum short.
Onchain Lens also monitored that since June 10, the same whale has made more than $3.15 million in profit through ETH long and short trades. The disclosed information covers the current 23,000 ETH short position, its $39.64 million value, the stated liquidation price, and the reported profit generated from Ethereum long and short trading activity since that date.