#Whale shorting ETH, losing over a million#
Hot Topic Overview
Overview
Recently, there have been reports of whales losing money on short positions in the crypto market. One whale, who shorted ETH on HyperLiquid, was reportedly up over $15 million four days ago, but is now down over $1 million. Another whale on ONDO dumped all 10,978,000 ONDO tokens for approximately 13,580,000 USDC within the past 12 hours. After holding for 38 days, the whale chose to liquidate their position, resulting in a loss of around $3.54 million, or 20.7%. Additionally, there have been whales increasing their short positions on Bitcoin and Ethereum in the past half hour. One whale has increased their Bitcoin short position to 200 coins, while simultaneously opening a short position of 5,000 Ethereum, for a total value of nearly $38 million. These losses by whales have drawn market attention and reflect the current instability of the crypto market.
Ace Hot Topic Analysis
Analysis
Recently, a series of whale short-selling operations have emerged in the market, the most notable being the case of a whale shorting ETH on the HyperLiquid platform. This whale had a profit of over $15 million just four days ago, but now it is experiencing a loss exceeding $1 million. The shift from profit to loss is shocking. Furthermore, another whale has increased their short positions on Bitcoin and Ethereum in the past half hour, raising their Bitcoin short position to 200 coins and opening a short position of 5,000 ETH. This brings their total short value to nearly $38 million, leading to a decline in their Aave health rating to 1.85. It is noteworthy that another whale, ONDO, sold all of its 10,978,000 ONDO tokens in the past 12 hours, exchanging them for approximately $13.58 million USDC. This whale chose to liquidate its position after holding it for 38 days, resulting in a loss of approximately $3.54 million, or a 20.7% loss rate. These whale short-selling operations have triggered concerns about the future trajectory of ETH and BTC, reflecting the volatility and uncertainty in market sentiment.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale shorting ETH resulted in losses, indicating significant market volatility risks. Investors should exercise caution.
A whale shorting ETH could be related to changes in market sentiment, ETH price rebound, and other factors.
The whale's losses from shorting ETH may also be due to their trading strategy and inadequate risk management.
The whale's losses from shorting ETH serve as a reminder for investors to pay attention to market fluctuations and manage risks effectively.