According to OnchainLnes data released on February 20, three major crypto whales holding short positions on Ethereum have recorded floating profits exceeding $8 million amid market consolidation. These investors utilized high-leverage strategies to capitalize on ETH price movements.
Breakdown of Whale Activities
One trader with wallet address '0xed4' deployed a 25x leveraged short position, currently showing $8.8 million in unrealized gains. Another account, '0x0b0', holds a 20x leveraged short position with $8.4 million in floating profits. The third whale, associated with address '0x20c', also employed 25x leverage and has accumulated $8.4 million in unrealized gains.
- Address 0xed4: 25x leverage, $8.8M floating profit
- Address 0x0b0: 20x leverage, $8.4M floating profit
- Address 0x20c: 25x leverage, $8.4M floating profit
Market analysts noted that while leveraged short positions can generate significant returns during volatile periods, they also carry substantial liquidation risks that require careful risk management.