SHORTING $ETH at 2,969.38$ , A REAL BAD MOVE , THOUGH STILL HOLDING. 🥶 Currently a floating loss over 26.8M USDT.
Whale 0x8c5865689EABe45645fa034e53d0c9995DCcb9c9, who took a 20x leveraged short position on Ethereum, is now facing a staggering $26.89 million loss.
The position is hanging by a thread — without additional margin, liquidation will occur if ETH climbs to $5,002.6. With volatility surging and whales on both sides of the trade, the coming price action could decide whether this bet recovers or collapses entirely.