🚨 A whale just opened a $40,092,000 Ethereum short at 20x leverage.
Liquidation price: $1,845.
At 20x leverage, ETH only needs to move about 5% against this position before it gets wiped out entirely. $40 million on the line, betting Ethereum goes down from here.
This comes the same week BlackRock has been pushing billions in ETH onto exchanges while F2Pool's Chun Wang has been pulling ETH off and locking it in DeFi. Now a $40 million short joins the mix.
The market is about to find out who is positioned correctly.