Whale Opens New 551 ETH Short Position with $1.65M in Exposure

Whale Aggressively Bets Against ETH

Data from Hyperinsight shows that on January 22 at 17:44 UTC, a whale address starting with 0xe505 opened a new short position of 551.44 ETH.

This transaction has drawn market attention, as the position is leveraged at 25x, bringing the total exposure to around $1.65 million. The unrealized profit currently stands at $8,331, with the liquidation price hovering around $3,073.

• Short Amount: 551.44 ETH
• Leverage: 25x
• Exposure: Approximately $1.65 million
• Unrealized Profit: $8,331
• Liquidation Price: Around $3,073