#Whale loses millions shorting ETH#
Hot Topic Overview
Overview
Recently, there have been instances of whale short-selling losses in the crypto market. One ONDO whale, for example, dumped all 10,978,000 ONDO tokens in the past 12 hours, converting them to approximately 13,580,000 USDC. This resulted in a loss of around $3,540,000, representing a 20.7% loss rate. Another whale, who had shorted ETH on HyperLiquid, was up over $15 million four days ago, but is now down over $1 million. A third whale, known for swing trading, has increased their short positions on Bitcoin and Ethereum in the past half hour, totaling nearly $38 million, causing their Aave health factor to drop to 1.85. These incidents highlight that even whales are not invincible in the crypto market and that short-selling carries risks. Investors need to be cautious.
Ace Hot Topic Analysis
Analysis
Recently, the market has seen a number of events involving whales shorting ETH and losing money, which has attracted widespread attention. According to Onchain Lens, a whale that shorted ETH on HyperLiquid went from a profit to a loss in just four days, dropping from a profit of over $15 million to a loss of over $1 million. This whale had previously spent $17.1 million to buy ONDO tokens, and after 38 days, they sold all 10,978,000 ONDO tokens for $13.58 million, resulting in a loss of approximately $3.54 million, a 20.7% loss rate. Additionally, there have been reports that a range-bound whale increased their BTC short position by 200 BTC half an hour ago, while also opening a short position for 5,000 ETH. Their total combined short position value reached $37.96 million, causing their Aave health factor to drop to 1.85. These events demonstrate that whales are not always successful in their market operations and that there are significant risks involved.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
It is extremely risky for whales to short ETH, even experienced traders may lose huge amounts of money in a short period of time.
Whale shorting behavior may lead to market volatility and even price crashes.
Whale shorting behavior may be related to market sentiment and technical indicators, investors need to carefully observe market changes.
Whale shorting behavior may reflect their judgment on the future market trend, but it is not necessarily accurate.
Whale shorting behavior may trigger market panic, leading to investors following suit and selling, exacerbating market volatility.