Analysis of the Whale Tactics Behind the $112 Million ETH Short Position
1. Latest Position Data:
Position Direction: 15x Leverage Short Position
Position Size: 40,000 ETH ($112 Million)
Average Opening Price: $2,793
Current Unrealized Loss: $980,000 (Additional $3.37 Million USDC Margin)
Review of Whale Operations
1. Historical Performance:
First three ETH short positions all won
Highest single profit exceeding $20 Million
2. Current Operation Path:
09:30 Initial Position Built with 25x Leverage
10:15 Additional Margin of $3.375 Million USDC
10:45 Reduced Leverage to 15x
(Operation took 75 minutes)
Position Risk Calculation
1. Key Price Points:
Price Point Risk Level Possible Action
$2,793 Cost Line Watch and Wait
$2,850 Warning Line Possible Additional Position
$2,938 Liquidation Line Forced Liquidation
2. Market Shock Calculation:
If Liquidated, will result in:
40,000 ETH selling pressure (approximately $114 Million)
Could trigger a 2-3% instantaneous fluctuation
Whale Tactics Breakdown
1. Margin Strategy:
Maintain Margin Ratio: 6.67%
Safety Margin: 5.2% from Liquidation Price
2. Leverage Adjustment Logic:
Initial 25x → Reduced to 15x:
Reduce Volatility Sensitivity
Extend Holding Period
Insights for Ordinary Traders
1. Points of Reference:
Strict Risk Control (Proactively Reducing Leverage)
Sufficient Margin Preparation
Clear Stop-Loss Discipline
2. Risk Warning
15x Leverage means:
Price fluctuation of 6.67% leads to liquidation
Need to continuously monitor market liquidity
Future Market Projection
1. Key Levels for Long and Short:
Bullish Defense Line: 2,750-2,780
Bearish Defense Line: 2,850-2,880
2. Potential Catalysts:
Tomorrow's U.S. CPI Data
This week's ETH Options Expiration (June 14)
Ordinary Investors Should:
1. Pay attention to the 2,850-2,880 contest
2. Avoid high leverage following
3. Be wary of CPI data fluctuations
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