๐ Ethereum Whale Expands Short Position to $57.3M
๐น AI Summary
A large Ethereum whale has significantly increased its short exposure, raising its total short position to 18,875.18 ETH worth $57.32 million. Despite a temporary unrealized loss, the position remains supported by strong funding fee earnings.
๐ What to Know
Asset: Ethereum (ETH)
Position Type: Short
Total Size: 18,875.18 ETH
Notional Value: $57.32M
Average Entry Price: $3,011.83
Current Floating PnL: โ$476,000
Funding Fees Earned: +$537,000
๐ง The data was highlighted by on-chain analyst Ai Yi, tracking wallet 0x218โฆB7Da2.
๐ Driving Factors
๐ณ Whale confidence in short-term downside or consolidation
๐ฐ Positive funding fees helping offset unrealized losses
โ๏ธ Strategic leverage management despite price fluctuations
๐ On-Chain Context
The short position was expanded within the last 30 minutes, indicating active trade management.
Funding fee income currently exceeds unrealized losses, keeping the position net-positive from a cash-flow perspective.
๐ Market Implications
Large short positions can increase volatility near key price levels
Signals cautious or bearish sentiment from sophisticated capital
Retail traders should be alert for liquidation-driven price spikes
๐ฎ Outlook
If ETH sustains above the whaleโs average entry price:
โ Short pressure may increase losses
๐ Potential partial close or hedge
If ETH weakens:
โ The position could move back into profit
๐ Adds downside momentum to price action
โ ๏ธ Risk Note
This activity reflects one whaleโs strategy, not a guaranteed market direction. Traders should combine on-chain data, technical levels, and risk management before making decisions.
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