High-stakes ETH short could end in $3M loss

Whale trader who previously made $5M from ETH longs and shorts is now on the edge of liquidation.

Shorted 40K ETH

Liquidation price: $2,938

Unrealized loss: $3M

Past wins:

– $1.1M long on May 23

– $1.6M long on June 5

– $2.6M short on June 5

Now ETH is outperforming — and the bold short may backfire.