High-Stakes ETH Short: $68.6M Position Faces -$6.6M Unrealized Loss!
A high-leverage whale wallet is feeling the heat from the market — currently holding a massive ETH short position worth $68.64 million with 25x cross leverage.
Position Breakdown
Amount: 27,649 ETH (short)
Entry Price: $2,241.46
Current Price: $2,482.88
PnL: –$6,672,739.21
Funding Earned: +$3.49M
Liquidation Price: $3,409.48
⚠️ Despite collecting over $3.4M in funding, the position is deep in the red, sitting on a ~$6.6M unrealized loss as ETH pushes above key levels.
Wallet Overview
Total PnL (All-Time): +$91.5M ✅
30D PnL: –$31.6M 🔻
7D PnL: –$1.67M
24H PnL: +$3.51M
This suggests long-term profitability, but recent trades — particularly this oversized ETH short — are dragging performance.
Either way, the trade reflects conviction and risk appetite at scale.
📍 Watch ETH levels closely — this short squeeze scenario could fuel volatility.
