ETH Short Alert: A certain whale is opening a short position of 28,248 ETH with 20x leverage, totaling a position of up to 70 million USD!
Open Short Price: $2,561
Liquidation Price: $2,694
This is no longer a small bet for fun; it's a gamble with one's life!
What do you think of this move?
This type of high-leverage short position sends a signal:
There are still heavyweight funds in the market betting on an ETH pullback.
But be cautious— the liquidation price is less than $150 away from the current price; if the market suddenly rebounds, 70 million USD will be instantly devoured by the market!
My viewpoint:
From the emotional aspect, the main short sellers are still active, and the market's long-short battle remains fierce, making it unsuitable for easily chasing highs and lows.
From the risk perspective, using high leverage for large positions is a typical case of "licking blood off a knife's edge." If sudden news occurs, like the US suddenly being dovish, ETF developments, or unexpected positive news from exchanges, the market could easily breach the liquidation line!
From the opportunity perspective, when whales start to act, it often indicates that a "directional choice" is imminent. If such a large position is pierced through the liquidation line, it can easily trigger a short squeeze in the short term.
