🚨 Can whales short ETH $9.8M, hold a loss of $2.64M: Will they cut the loss or go all in?
A massive short Ethereum ($ETH ) position of ~9.80M USD from wallet 0x8cc9…2b6a has me quite on edge. Despite the large notional size, the margin is only about $392.1K with 25x leverage.
Currently, this whale is holding losses of up to ~$2.64M. The liquidation price is ~ $3,846, which is about 56.9% above the current price of ~$2,450. If ETH keeps rising, liquidation pressure will be extremely high, potentially triggering a strong squeeze.
This is a high-risk bet. Will they accept cutting losses, or risk holding all the way to the end? If it were you, what would you do in this situation?
For reference only, not investment advice. DYOR.
#ETH #DYOR
A massive short Ethereum ($ETH ) position of ~9.80M USD from wallet 0x8cc9…2b6a has me quite on edge. Despite the large notional size, the margin is only about $392.1K with 25x leverage.
Currently, this whale is holding losses of up to ~$2.64M. The liquidation price is ~ $3,846, which is about 56.9% above the current price of ~$2,450. If ETH keeps rising, liquidation pressure will be extremely high, potentially triggering a strong squeeze.
This is a high-risk bet. Will they accept cutting losses, or risk holding all the way to the end? If it were you, what would you do in this situation?
For reference only, not investment advice. DYOR.
#ETH #DYOR
