Whale Doubles Down with 3x ETH Short, Position Hits $81.8 Million

Whale Stirs Market Volatility Again

According to the latest data from Onchain Lens, an Ethereum whale made another significant move on January 30, reigniting market interest after a successful round of profitable trades.

This time, the whale employed a high-leverage strategy to establish a massive ETH short position. The details show a staggering holding of 30,000 ETH, valued at an impressive $81.8 million.

Key Position Details

• Position Size: 30,000 ETH
• Total Value: $81.8 million
• Average Entry Price: $2,746
• Liquidation Price: $3,713.44

Notably, the address had previously made $2.7 million in profits, demonstrating sharp market instincts. This latest move indicates a strong conviction about ETH’s price direction.