Crypto Whale Returns After 8 Months, Opens Massive $19.7M Ethereum Short

After remaining inactive for eight months, a crypto whale identified as 0xf83f has re-entered the market by opening a highly leveraged Ethereum position.

The move involves a 20x leveraged short on 12,832 ETH, valued at approximately $19.7 million. The position was opened at an entry price of $1,567, with a liquidation level set at $2,150.6.

With Ethereum currently trading near $1,538, the position is now showing an unrealized profit of around $376,037.

Source: Onchain Lens