Odaily, citing monitoring by Onchain Lens, reported that 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 monitored data.
The short position carries a liquidation price of $1,832.43. A leveraged short position refers to a trade established in the short direction while using leverage to increase position size. The liquidation price is the key price level at which the position faces forced closure if the market reaches that threshold. ETH is the trading ticker for Ethereum, and the disclosed position is denominated in ETH.
Onchain Lens data also shows 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 focuses on this address’s leveraged Ethereum activity, including position size, notional value, leverage multiple and liquidation price.