Ethereum Whale’s 50,000 ETH Short Position Faces Shrinking Unrealized Gains Amid Market Volatility

According to data from HyperInsight, a prominent whale known as the “Three Battles ETH 100% Win Rate Whale” currently holds a significant short position of 50,000 ETH with 10x leverage. This position, initiated at an entry price of $2,725, now reflects unrealized gains of approximately $10.84 million. Earlier in June, the whale maintained a 40,000 ETH short, capitalizing on the ETH price drop to $2,200 and securing over $20 million in profits without liquidating the position. The liquidation threshold for the current trade is set at $2,829, underscoring the high-risk, high-reward nature of leveraged shorting in the Ethereum market. This activity highlights the strategic maneuvers of large holders in response to recent volatility, providing valuable insight into market sentiment and potential price dynamics.