#Whale Shorting ETH Results in Million Dollar Loss#
Hot Topic Overview
Overview
Recently, there have been several incidents of whale short-selling losses in the market. One ONDO whale, for example, liquidated 10,978,000 ONDO over the past 38 days, resulting in a loss of $3.54 million, a loss rate of 20.7%. Another whale shorting ETH on HyperLiquid, who was up over $15 million just four days ago, is now down over $1 million. Additionally, a whale increased their BTC short position to 200 coins within half an hour, while simultaneously opening a 5,000 ETH short position, totaling nearly $38 million. These events reflect the volatility of the market, proving that even whales are not invincible. Investors should exercise caution and avoid blindly following the crowd.
Ace Hot Topic Analysis
Analysis
Recently, a whale’s shorting of ETH on the market, which resulted in a million-dollar loss, has attracted widespread attention. According to Onchain Lens monitoring, the whale shorted ETH on HyperLiquid and had a floating profit of over $15 million. However, within just four days, its floating loss exceeded $1 million.In addition to shorting ETH, the whale also increased its short position on Bitcoin and opened a short position of 5,000 ETH, with a total value of nearly $38 million. This move led to its Aave health factor dropping to 1.85.Furthermore, another whale, ONDO, sold all 10,978,000 ONDO tokens within the past 12 hours, exchanging them for approximately 13,580,000 USDC. The whale chose to liquidate its holdings after 38 days, incurring a loss of about $3.54 million, representing a loss rate of 20.7%.The losses incurred by these whales have raised concerns about the volatility of the cryptocurrency market, and serve as a reminder for investors to be cautious when investing and to manage their risks effectively.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale's short position on ETH resulted in losses, indicating that there are risks in the market, and investors should proceed with caution.
A whale's short position on ETH resulted in losses, which could signal an upcoming price increase for ETH.
A whale's short position on ETH resulted in losses, which could be related to changes in market sentiment, such as the recent increase in ETH price that forced short-sellers to cover their positions.
A whale's short position on ETH resulted in losses, which could be related to the whale's trading strategy, such as excessive leverage or unreasonable stop-loss settings.