Ethereum whale who shorted October 2025 crash opens $19.7M ETH short position
Cointelegraph 2026-06-26 17:02:33
Context: A large Ethereum investor, known as a "whale," has opened a significant short position on Ether, betting $19.7 million that the cryptocurrency's price will decline. This investor had previously shorted Ether in October 2025, correctly predicting a crash. The whale's latest move is based on a technical setup that suggests Ether's price could drop to $1,375.
Key Facts
- A large Ethereum investor has opened a $19.7 million short position on Ether, betting that the cryptocurrency's price will decline.
- The investor's technical analysis suggests that Ether's price could drop to $1,375, which would increase their unrealized profit to $2.39 million.
- This whale had previously shorted Ether in October 2025, successfully predicting a crash, and has now returned with a new short position.
- The current short position is based on a technical setup that indicates a potential drop in Ether's price.
- If Ether's price does drop to $1,375, the whale's unrealized profit would increase to $2.39 million, indicating a successful trade.