BlockBeats reported on June 21 that, according to monitoring by OnchainLens, whale “0xa2e” has opened a new short position in Ethereum. The position totals 23,000 ETH and is valued at $39.64 million based on the disclosed figures. It was opened with 20x leverage, and the liquidation price was recorded at $1,832.43.
New leveraged ETH short disclosed
A short position generally reflects a trading direction that benefits when the asset price declines. In this case, the information provided by OnchainLens includes the position direction, the amount of ETH involved, the dollar value, the leverage multiple, and the liquidation price. Because the trade uses 20x leverage, the disclosed liquidation level of $1,832.43 is a central risk parameter for this position.
The same monitoring data also stated that since June 10, whale “0xa2e” has made more than $3.15 million in profit solely from trading Ethereum. The newly opened 23,000 ETH short position adds to the address’s recent on-chain trading record around Ethereum.