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Whale Opens $39.47M Leveraged ETH Short Position at $4,100

Whale Opens $39.47M Leveraged ETH Short Position at $4,100

On-chain data shows whale address 0x218 expanding high-leverage trades, now shorting multiple assets including ASTER with $1.2M realized profit and $7.86M in unrealized gains.

BTC
ETH
SOL

Fact Check
The statement is highly likely to be true. The assessment is based on strong, consistent, and corroborating evidence from multiple relevant and authoritative sources. Two different financial/crypto news sources directly and independently confirm every key detail of the statement: a 'whale' trader (identified as 'Steady ETH Swing Trader'), a short position on Ethereum, the precise value of $39.47 million, and the specific entry price of $4,100. One of these sources further specifies the use of 4x leverage, which supports the 'leveraged' aspect of the claim. A third source also corroborates the entry price and the involvement of a 'whale' trader, referencing on-chain data. The remaining sources are either completely irrelevant to the claim (e.g., a U.S. Treasury report, a greenhouse gas protocol) or only tangentially related without offering any conflicting information. The consistency of the specific numerical data across multiple platforms provides a high degree of confidence in the statement's accuracy.
    Reference: 1
Summary

On-chain data reveals whale address 0x218 has added a $51.3 million short position in ASTER using 3x leverage, totaling 42.96 million tokens opened at $1.208 with liquidation at $2.0858. The move flipped from a $1.1 million loss to a $1.2 million profit. The whale is also shorting DOGE, ETH, XRP, and PEPE, with these positions currently showing $7.86 million in unrealized gains. This adds to the trader’s history of aggressive leveraged strategies, including a $39.47 million ETH short at $4,100 and multiple large leveraged positions across BTC, SOL, and other tokens.

Terms & Concepts
  • ETH: Ticker symbol for Ethereum, a leading blockchain platform enabling decentralized applications and smart contracts.
  • Leverage: The use of borrowed funds to increase exposure to an asset, amplifying potential gains and losses.
  • Margin: Collateral deposited to open and maintain leveraged trading positions, enabling greater exposure while securing against potential losses.