Today we are witnessing an episode from the series 'How to lose millions thinking you're smarter than the market'
Fact #1: The whale took a position of 5,000 ETH and decided to short.
Entry price — $2,491. Transaction amount — $12.45 million. Everything seemed logical: the market is overheated, it’s time to go to the bottom. But no. Within an hour — zero gain. ETH did not drop. The whale sits with a position that is already starting to smoke from margin pressure.
Fact #2: This same whale had previously attempted to short 10,000 ETH.
Guess what happened? He closed a position at a loss of $430,000. Why? Because the price went up. He panicked and liquidated everything. If he had held on longer, he would have been down $7,000,000. This is not just a mistake — it’s almost an art form of losing money.
And now a bit of numbers and realities:
• ETH is trading above $2,900
• Since the beginning of May — an increase of 12%.
• Volumes in DeFi have increased sharply, and the activity of whales in spot markets indicates only one thing: the big players are accumulating.
• And you, poor short-seller, become fuel for longs.
Shorting Ethereum in a bull trend is like jumping into a bonfire with gasoline in your pocket. Yes, you might get lucky... but most likely, you won't. This whale showed us the main thing: even millions do not provide immunity against bad decisions.
Moral:
"If you think you’re smarter than everyone, you’re probably just next in line for liquidation."$ETH
