#Giant Whale Doubles Down on ETH Short, Losing Over $5 Million#
Hot Topic Overview
Overview
Recently, a whale investor has been consistently increasing their short position on ETH, currently resulting in a loss exceeding $5 million. The whale initially borrowed and sold 21,613 ETH, currently experiencing a loss of $1.44 million. Subsequently, the whale deposited 5 million USDC into Hyperliquid, further increasing their short position, leading to an expanded loss of $5.36 million. Despite the recent rise in ETH price, the whale's short position remains in a loss, with a liquidation price of $4,891.59.
Ace Hot Topic Analysis
Analysis
Recently, a whale investor has been continuously adding to their short position on ETH, currently experiencing a loss of over $5 million. According to on-chain analyst Ember's monitoring, the investor borrowed another 11,000 ETH and sold it in the past half hour, bringing the total short position to 21,613 ETH, with a current loss of $1.44 million. Previously, the investor deposited 5 million USDC into Hyperliquid to increase their short position, currently resulting in a loss of $5.36 million, with a liquidation price of $4891.59. Despite the recent rise in ETH price, the whale investor continues to short and increase their position, indicating their bearish outlook on ETH's future, expecting the price to continue to decline. However, the whale investor is currently facing significant pressure from their floating losses. If the ETH price continues to rise, their losses will further expand, and they may even face liquidation risk.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale is shorting ETH, currently with a floating loss exceeding $5 million.
The whale is adding to its short position by borrowing ETH and selling it, as well as depositing USDC.
The rising price of ETH is causing the whale's short position to incur increasing floating losses.
The whale's liquidation price is $4891.59. If the price of ETH continues to rise, the whale may face liquidation risk.