ETH Whale’s $111M 40,000 ETH Short Position Nears Liquidation as Price Peaks at $2,880

According to data from EmberCN, Ethereum (ETH) reached a high of $2,880 on June 12, narrowly missing the liquidation threshold of a significant short position held by the so-called “Triple-Win ETH Whale.” This investor controls a 40,000 ETH short position leveraged 15 times, with a nominal exposure valued at approximately $111 million. The position was initiated at an average price of $2,793, with a liquidation price set at $2,938. Following the recent price pullback, the short position has become profitable, currently reflecting an unrealized gain of around $670,000. This development highlights the volatility and leveraged risks inherent in the crypto derivatives market, emphasizing the importance of close monitoring of large-scale positions for market participants and analysts alike.