Whale Opens 25x Leveraged ETH Short Position Worth $5.15M, Plans Liquidation Between $2,343 and $2,280

Gate News message, April 23 — A whale address starting with 0x3bc opened a 25x leveraged short position on ETH over the past three hours, worth $5.15 million with an average entry price of $2,343, according to Hyperinsight monitoring.

After the position moved into a 10% loss, the address placed a take-profit order planning to close the entire short in batches within the price range from the current average down to $2,280.

Wallet address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872