#Whale Short-Sells ETH, Loses Millions#
Hot Topic Overview
Overview
Recently, there have been incidents of whale short-selling losses in the crypto market. According to monitoring, an ONDO whale wallet liquidated all 10,978,000 ONDO tokens in the past 12 hours, exchanging them for approximately 13,580,000 USDC. After holding for 38 days, the whale incurred a loss of approximately $3.54 million, representing a loss rate of 20.7%. Additionally, another whale shorting ETH on HyperLiquid, who had a profit exceeding $15 million four days ago, is currently facing a loss exceeding $1 million. Notably, there are whales who have increased their short positions on Bitcoin and Ethereum in the past half hour. Their Bitcoin short position has increased to 200 coins, while they have opened a short position of 5,000 Ethereum coins, totaling nearly $38 million. These whale short-selling actions have drawn market attention and reflect the current uncertainty in the crypto market.
Ace Hot Topic Analysis
Analysis
Recently, a whale shorting ETH and losing millions of dollars has sparked market attention. According to Onchain Lens monitoring, the whale shorted ETH on HyperLiquid and once enjoyed a floating profit of over $15 million, but turned from profit to loss in just four days. The current floating loss has exceeded $1 million. In addition to shorting ETH, the whale has also increased its short position in Bitcoin, currently holding a short position of 200 Bitcoin and 5000 Ethereum, with a total value of nearly $38 million. Furthermore, another whale, ONDO, dumped all 10,978,000 ONDO tokens within the past 12 hours, converting them to approximately 13.58 million USDC. After holding for 38 days, it decided to liquidate its position, resulting in a loss of about $3.54 million, a loss rate of 20.7%. These whales' losses have fueled market concerns about the market trend, reminding investors to be cautious when investing and avoid blindly following the crowd.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale shorted ETH and lost millions, highlighting the enormous risk of market fluctuations. Even experienced investors can suffer significant losses.
A whale shorted ETH and lost millions, which could be a sign of an upcoming market rebound. Short sellers typically profit when the market falls, but lose money when it rises.
A whale shorted ETH and lost millions, which may be related to the overall trend of the cryptocurrency market recently. For example, the recent rise in ETH price led to losses for short sellers.
A whale shorted ETH and lost millions, which could also be related to the whale's trading strategy. For example, the whale may have used leverage, amplifying its losses.