#Whale loses over a million dollars shorting ETH#
Hot Topic Overview
Overview
Recently, there have been instances of whales incurring losses on short positions. One whale on HyperLiquid who shorted ETH had a profit exceeding $15 million four days ago, but is now down over $1 million. Another whale sold all 10,978,000 ONDO tokens in the past 12 hours, converting them to approximately 13,580,000 USDC. After holding for 38 days, they decided to liquidate their position, incurring a loss of around $3.54 million, representing a loss rate of 20.7%. Additionally, another whale increased their BTC short position by 200 coins and simultaneously initiated a 5,000 ETH short position, with a total value close to $38 million. These losses by whales have drawn attention in the market, reflecting the current high volatility and risk in the market.
Ace Hot Topic Analysis
Analysis
Recently, there have been a series of whale short-selling operations in the market, the most notable being a whale shorting ETH on HyperLiquid. This whale had previously earned over $15 million in profit, but within just four days, it turned from profit to loss and currently has a floating loss of over $1 million. In addition, another whale dumped 10,978,000 ONDO tokens at a price of 13,580,000 USDC within the past 12 hours, losing $3.54 million in just 38 days, with a loss rate of 20.7%. These whales' losses show that market volatility risk is huge, and even experienced investors can face significant losses. It is worth noting that these whales' short-selling operations have also raised concerns about the future trends of ETH and ONDO. Some analysts believe that these whales' losses may signal an upcoming market correction, while others believe that these losses are just short-term fluctuations that will not affect the long-term market trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale shorting ETH resulted in losses, indicating the huge risk of market volatility, even experienced investors may suffer huge losses.
Whale shorting ETH resulted in losses, which may indicate that the price of ETH will continue to rise, as short sellers need to buy back ETH to cover their positions, thus pushing up the price.
Whale shorting ETH resulted in losses, which may be related to recent changes in market sentiment, such as the emergence of positive news or changes in the macroeconomic environment.
Whale shorting ETH resulted in losses, which may be related to the whale's trading strategy, such as excessive leverage or unreasonable stop-loss settings.