Whale's Short Position on 431.6 ETH Sparks Market Buzz
On January 22, monitoring data showed that a crypto whale opened a short position on Ethereum by shorting 431.6 ETH with 20x leverage at an average price of $3,026.28, as reported by HyperInsight.
This trade is already showing slight profits, highlighting the whale's sharp market insight.
The Aggressive Strategy Behind High Leverage
Notably, the same address deposited over 860,000 USDC today, reinforcing its bearish outlook. While high-leverage shorting is not uncommon in crypto markets, such a large-scale move has drawn significant attention.
- Short Position Size: 431.6 ETH
- Average Entry Price: $3,026.28
- Leverage Used: 20x
- Funds Injected: Over 860,000 USDC
Market analysts noted that while such leveraged strategies can yield substantial returns, they also carry extreme risks, especially in a volatile market like Ethereum.