Whale Watch: ’25x Short ETH’ Reduces Position to 15,619 ETH as Liquidation Price Hits $2,556.6

On May 18th, COINOTAG reported a significant movement within the cryptocurrency market, particularly involving the 25x Short ETH whale. Recent data from HypurrScan indicates a substantial reduction in this entity’s holdings, which plummeted from 41,851 ETH to 15,619 ETH. This strategic liquidation now positions the value at approximately $39.64 million, subsequently elevating the liquidation price to $2,556.6. Such adjustments not only reflect market volatility but also underscore the increasing influence of whales on pricing dynamics. Investors should closely monitor these developments, as they may impact future trading strategies and market sentiment in the Ethereum sector.