ethbearflag

ETH whale bets $19.7M on a crash to $1,375.

A wallet that nailed the October 2025 top just opened a 20x leveraged short worth $19.72 million as Ether dropped 18% in two weeks. The position entered near $1,565 and the whale is already sitting on $106K in unrealized gains.

Technical charts show a bear flag breakdown targeting $1,375 — a level that would turn this trade into a $2.39 million winner before fees.

This is the same wallet that shorted ETH at $4,172 during the October 2025 crash and closed near $4,133 for a $41,693 profit. The track record speaks for itself.

The bearish setup lines up with broader headwinds. Tech stocks and chip makers are dragging risk assets lower, while Ethereum Foundation budget cuts, staff reductions, and senior departures have spooked confidence in the network's leadership. ETH has failed to hold key support levels as macro uncertainty deepens.

Smart money is positioning for more downside. When a whale with a proven shorting record puts nearly $20 million on the line, it's worth paying attention — even if contrarian setups like this can unwind just as fast.

Is ETH headed to $1,375 or is this a trap for bears? 👇

#EthereumWhaleShort #ETHBearFlag #EtherPriceDrop