Ethereum Whale Opens 25x Short on 351.92 ETH Worth $1.05M at $2,983.47 Avg Entry, Currently at a Slight Loss

As reported by COINOTAG News and HyperInsight data on December 20, a cryptocurrency whale opened a short ETH position roughly nine hours ago, using 25x leverage to short 351.92 ETH, valued at about $1.05 million. This move is one of 14 transactions this month tracked by the data provider.

The average entry price for the position sits at $2,983.47 per ETH, and the position remains in slight negative territory as price action unfolds. Readers should monitor risk management and on-chain signals to gauge ongoing activity without making speculative projections.