Whale’s Wild Ride: From 25x Shorting ETH to Liquidation Risk — A BTC Turnaround

On May 19th, COINOTAG News reported that the notable crypto trader, referred to as the “Whale,” who previously leveraged their position to short Ethereum (ETH) at 25x, has faced significant losses in the volatile market. After a brief engagement of just 45 minutes, this trader incurred a staggering loss of $175,000, diminishing their initial capital from approximately $2.96 million to around $250,000. Following this setback, the Whale re-engaged with the market, opting to short 2,636 ETH at a price of $2,444, setting a liquidation threshold at $2,480. This sequence of trades underscores the inherent risks associated with high-leverage trading in cryptocurrency markets, where rapid fluctuations can lead to substantial financial repercussions. Monitoring these activities provides crucial insights into the behavior of large players within the crypto ecosystem.