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Whale opens 20x leveraged ETH short worth $39.64 million

Whale opens 20x leveraged ETH short worth $39.64 million

Onchain Lens data cited by Odaily showed a 23,000 ETH bearish position with a liquidation price of $1,832.43, while the same trader has made more than $3.15 million on ETH longs and shorts since June 10.

ETH

Fact Check
The originating Onchain Lens X post (status 2068681771965989339) confirms every specific detail of the claim: a 23,000 ETH short worth $39.64M at 20x leverage, liquidation price of $1,832.43, and $3.15M in profit trading ETH since June 10. Two of the supplied news outlets (Odaily newsflash 492767 and PANews 019eea4b) independently report the same figures while citing the same on-chain analytics source. The other two supplied links describe an unrelated whale (pension-usdt.eth) with a different 3x position, so they do not bear on this claim. The matching primary on-chain source and corroborating outlets make the claim very likely true.
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Summary

A whale has opened a 20x leveraged short position in ETH totaling 23,000 ETH, valued at $39.64 million, with a liquidation price of $1,832.43, according to Onchain Lens data cited by Odaily. The report also said the trader has made more than $3.15 million from trading ETH long and short positions since June 10. The update materially changes the earlier picture of the trade by pointing to a different position size and much higher leverage than previously reported. Highly leveraged short positions can produce outsized gains if ETH falls, but they also carry elevated liquidation risk if the market moves sharply higher.

Terms & Concepts
  • leveraged short position: A bearish trade that uses borrowed exposure to amplify potential gains and losses.
  • liquidation price: The price level at which an exchange or protocol would forcibly close a leveraged position to prevent further losses.
  • whale: A trader or wallet controlling a very large position in the market.