A very large and very confident whale decided that Ethereum should fall. And fall hard. So hard that he opened a short position of 20,474 ETH, with a leverage of 18×.
What does this mean?
This means he is ready to bet his millions against everything you believe when you smartly tell your friends that 'ETH will hit 5K by the end of the year'. The whale says: no. The whale believes that ETH won't go to the moon. At least not now. The whale thinks you are liquidity.
A little arithmetic
62.5 million dollars is not the amount you carry in your pocket when going for pizza. This is money that can move the market. Especially if it’s backed by a cunning address that has previously taken money from whom? That's right - from a certain James Wynn, who is probably crying into his pillow now.
Last time, this whale reportedly made over five million dollars in a couple of days just by showing the crowd who is in charge. No one could stop him. Why? Because the crowd wants to go to the moon. And the whale doesn't need the moon—he needs your stop-losses.
Welcome to the liquidation circus
What if this whale is right?
Ethereum will start to fall like a beloved politician after a bad scandal. Every point down is a ringing slap in the face to traders who forgot that leverage is not a rope for ascending to heaven, but a noose for those who miscalculate their margin.
If ETH falls below $3,000, be prepared to hear the lamenting moans of those who bought 'with everything they had'. And the whale? The whale will just close the position, buy a new yacht club, and retreat into the shadows to return when everyone forgets the lesson.
Why is he doing this?
Some will say: 'Manipulation!'
Or maybe it's just business?
Maybe it's not a conspiracy, but a game of rules where the one with more money and colder nerves always wins? While we shout 'Hold!', the whale coldly bets against the crowd and wins.
What do we have left?
Pray? Maybe.
Close the margin? Very desirable.
Watch memes and wait for this whale to get liquidated? That’s an option too—no one forbids believing that he might be wrong. Even big players sometimes miss. But history suggests— not often.
