### Whale loses over a million dollars shorting ETH#
Hot Topic Overview
Overview
Recently, the market has seen the occurrence of whale shorting ETH at a loss, attracting attention. According to Onchain Lens monitoring, a whale shorted ETH on HyperLiquid, having previously made a profit of over $15 million four days ago, but is currently facing a floating loss of over $1 million. Additionally, another large ONDO whale dumped 10.978 million ODNO for $13.58 million USDC in the past 12 hours, losing $3.54 million (-20.7%) in just 38 days. These events demonstrate the significant impact of whale trading behavior on market fluctuations, requiring investors to carefully observe market changes.
Ace Hot Topic Analysis
Analysis
Recently, there have been a series of reports about whale shorting ETH losses in the market. Among them, the most eye-catching event is that a certain ONDO whale liquidated its holdings of 10,978,000 ONDO tokens in the past 12 hours, in exchange for about 13,580,000 USDC, resulting in a loss of about $3.54 million in 38 days, with a loss rate of 20.7%. Previously, the wallet had spent $17.1 million to buy these tokens. In addition, another whale who shorted ETH on HyperLiquid also suffered huge losses. Its profit was over $15 million four days ago, but now it has lost over $1 million. These events show that the market has been volatile recently, and whales are not invincible. Shorting operations involve huge risks. It is worth noting that another whale increased its short position on BTC to 200 coins half an hour ago, while opening a short position on 5,000 ETH, resulting in a total value of $37.96 million for its two-way short positions, causing its Aave health factor to drop to 1.85. This shows that there are still whales making large-scale shorting operations in the market, and the future market trend is still uncertain.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale shorting ETH resulted in losses, indicating the enormous risk of market volatility. Even experienced investors can suffer huge losses.
The losses from whale shorting ETH may indicate an upward trend in the short-term for ETH prices.
The losses from whale shorting ETH may be related to changes in market sentiment and recent ETH price fluctuations.
The losses from whale shorting ETH remind investors to operate cautiously, avoid blindly chasing rallies and selling on dips, and manage risk effectively.