๐จ $1.05 BILLION IS SHORT $ETH โ AND ONE WHALE IS ALREADY DOWN $30M.
One whale alone is holding a ~$213M ETH short.
Unrealized loss:
๐ธ ~ $30.3M
But this is bigger than one whale.
Large active wallets are reportedly holding roughly:
๐ป $1.05B in ETH shorts
๐ข $687M in ETH longs
That means the short side is getting crowded.
And hereโs the interesting part:
ETH is still holding up.
If price keeps pushing higher, those shorts donโt just become wrong โ they can become fuel for the next move.
So what happens first?
๐ฅ SHORT SQUEEZE
๐ WHALES WERE EARLY, NOT WRONG
$ETH $BTC
#Ethereum #ETH
One whale alone is holding a ~$213M ETH short.
Unrealized loss:
๐ธ ~ $30.3M
But this is bigger than one whale.
Large active wallets are reportedly holding roughly:
๐ป $1.05B in ETH shorts
๐ข $687M in ETH longs
That means the short side is getting crowded.
And hereโs the interesting part:
ETH is still holding up.
If price keeps pushing higher, those shorts donโt just become wrong โ they can become fuel for the next move.
So what happens first?
๐ฅ SHORT SQUEEZE
๐ WHALES WERE EARLY, NOT WRONG
$ETH $BTC
#Ethereum #ETH
