Data from blockchain analytics platform Onchain Lens revealed on February 5 that a whale investor holding a leveraged short position in ETH has achieved massive unrealized profits amid recent market declines. According to the data, this whale established its position with 25x leverage at around the $3,116 price level.
As prices moved sharply downward as anticipated, the position has now generated an unrealized profit of $17.05 million, demonstrating the explosive potential of leveraged trading during extreme market conditions. Notably, the whale has also continuously profited through funding rate mechanisms, accumulating an additional $6.83 million in returns.
- Leverage: 25x
- Entry price: $3,116
- Unrealized profit: $17.05 million
- Funding rate earnings: $6.83 million
This trading case highlights the capabilities of professional investors in utilizing derivative instruments within the crypto market. By accurately predicting market direction and employing high-leverage strategies, substantial returns can be generated from a single position. Meanwhile, the funding rate mechanism also provides a steady stream of additional income.