
Onchain data shows a whale expanded its leveraged ETH short position to over $66M, now facing $719K in unrealized losses amid ongoing market volatility.
A whale address has increased its 10x leveraged ETH short position to 21,820.69 tokens worth $66.51 million, entered at an average price of $3,016, resulting in an unrealized loss of $719,000. This builds on prior activity where the same whale held 18,875.18 ETH shorts worth $57.32 million with a $476,000 unrealized loss and $537,000 in funding fee gains. Other major whale moves include pension-usdt.eth closing a 30,000 ETH short with $3.41 million in losses and reallocating to AAVE, Machi expanding his ETH long to 8,600 ETH with a $410,000 unrealized loss, and another whale reducing ETH after recent buys.