After two failed bottom-fishing long attempts, the whale address reversed into a 25x leveraged ETH short, highlighting rapid position changes and continued pressure from tight liquidation levels.
Whale address 0x198 switched to a 25x leveraged ETH short worth $4.89 million after two bottom-fishing long attempts resulted in total losses of about $17,000. The short position was opened at $2,033 and carried a liquidation price of $2,076. Over the following half hour, the position showed an unrealized loss of about $11,000, or roughly 5%. This update materially changes the earlier picture of the wallet’s exposure, which had previously been associated with leveraged long positions and forced liquidations during market volatility.