Whale Boosts 20x ETH Short Position by 4,028.14 ETH Worth Over $10M on July 7

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

On July 7, data from HyperInsight revealed a significant move by a prominent contract whale, who expanded their 20x leveraged ETH short position by an additional 4,028.14 ETH. This adjustment increased the total position value to approximately $44.8 million, reflecting a substantial commitment in the Ethereum derivatives market. The entry price for this position was recorded at $2,559.57, with a liquidation threshold set at $5,535.70. Currently, the position is showing a floating profit of around $138,274, indicating effective risk management amid market volatility. This development underscores the ongoing strategic positioning by large-scale investors within the crypto futures landscape, highlighting the importance of monitoring leveraged trades for market sentiment insights.