🤯 3,100 ETH swapped for 6.93 million U, then 20x leveraged short: betting that Ethereum will underperform Bitcoin
On-chain data shows that an address received 3,100 ETH from Tornado, swapped it for 6.93 million USDC on Cowswap (2,235.48), then opened a 20x leveraged short of 8,945 ETH and a long of 263.8 BTC on Hyperliquid, with a notional value of 20 million.
The bet isn’t on direction, but on the exchange rate: ETH/BTC is at 0.02837, its lowest level in nearly three months. Market snapshot: ETH is flat at 2,135, while BTC is up 0.63% at 75,262. Some are placing short orders between 2,115 and 2,130, with a stop-loss at 2,165; others are waiting for 2,083.
My take: If ETH can’t reclaim 2,200, any rebound is just a recovery. With 20x leverage, a 1% move means a 20% change in your principal.
Key levels: ETH 2,200 as the dividing line; BTC 75,000 as the psychological level.
📊 Investment recommendations
• BTC — Bullish
Take profit (TP): $81,300
Stop loss (SL): $69,200
• ETH — Bearish
Take profit (TP): $1,880
Stop loss (SL): $2,390
⚠️ Disclaimer: The above is solely my personal opinion and does not constitute investment advice. Markets are highly volatile. Please DYOR and assume all risks yourself.
On-chain data shows that an address received 3,100 ETH from Tornado, swapped it for 6.93 million USDC on Cowswap (2,235.48), then opened a 20x leveraged short of 8,945 ETH and a long of 263.8 BTC on Hyperliquid, with a notional value of 20 million.
The bet isn’t on direction, but on the exchange rate: ETH/BTC is at 0.02837, its lowest level in nearly three months. Market snapshot: ETH is flat at 2,135, while BTC is up 0.63% at 75,262. Some are placing short orders between 2,115 and 2,130, with a stop-loss at 2,165; others are waiting for 2,083.
My take: If ETH can’t reclaim 2,200, any rebound is just a recovery. With 20x leverage, a 1% move means a 20% change in your principal.
Key levels: ETH 2,200 as the dividing line; BTC 75,000 as the psychological level.
📊 Investment recommendations
• BTC — Bullish
Take profit (TP): $81,300
Stop loss (SL): $69,200
• ETH — Bearish
Take profit (TP): $1,880
Stop loss (SL): $2,390
⚠️ Disclaimer: The above is solely my personal opinion and does not constitute investment advice. Markets are highly volatile. Please DYOR and assume all risks yourself.