Crypto Whale Opens $35M Leveraged Short Position on Ethereum

A large crypto trader identified as “0xa6e” has initiated a heavily leveraged short position against Ethereum, marking a notable bearish bet on the asset.

Specifically, the trader opened a 22,000 ETH short position using 25x leverage, bringing the total notional exposure to approximately $35 million. The entry price for the trade was recorded at $1,580.83 per ETH, while the liquidation level has been set at $1,725.77.

At the time of reporting, Ethereum is trading near $1,592, placing the position slightly in the red with an unrealized loss of about $236,738.

Source: Onchain Lens