Whale Opens $100M ETH 25x Short at $3,926.95 — 0x0b5…1C2D5 Posts $638K Unrealized Profit

On-chain analyst activity shows address 0x0b5…1C2D5 initiated a significant ETH 25x short valued at approximately $100 million (25,887.39 ETH) with an entry around $3,926.95, currently reflecting an unrealized profit near $638,000 according to block-level derivatives data.

The same address also opened a SOL 20x short (~$5.71 million, 30,806.13 SOL at $186.256) and an ENA 10x long (~$580,000, 1.44 million ENA at $0.40), producing a reported aggregate unrealized gain of about $804,000 across these crypto positions.

These large leveraged positions increase exposure in the derivatives market; market participants should prioritize risk management and monitor potential liquidation risk and funding rates rather than infer directional outcomes from a single on-chain actor.

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