2026-01-19 08:56:19

Whale Activity Intensifies: $10 Million Invested in ETH Shorts with Max Leverage

Onchain data tracking platform Onchain Lens recently discovered a major whale making moves in the derivatives market. This player has operated on both HyperLiquid and Lighter platforms, purchasing a total of 3,650 ETH at a cost of $10.35 million.

Even more aggressively, this whale has opened ETH short positions on both platforms, with leverage reaching up to 20x. This means that if Ethereum's price rises by more than 5%, these shorts could face liquidation risks.

**The Digital Game of Funds and Positions**

Spending $10.35 million to buy 3,650 ETH, at the current price, the unit price of these coins is around $2,800. After acquiring such a large amount, the whale immediately opened short positions—clearly indicating either a bearish short-term outlook or hedging against other long positions.

A 20x leverage setting isn't extreme, but it carries significant risk in volatile markets. Large shorts like this often become focal points in the market, especially when on-chain data is exposed, potentially triggering follow-on or hedging behaviors.

ETH-3,45%

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