Whale Liquidates 10x ETH Short, Incurs $3.27M Loss
- Major whale 10x ETH short liquidation impacts Ethereum market sentiment.
- Realized loss totals $3.27 million.
- Event heightens bearish sentiment in derivatives markets.
Main Content
A significant crypto trader known only by wallet 0xcB92 has liquidated a highly leveraged 10x Ethereum short position, resulting in a $3.27 million loss. This event unfolded amid volatile market conditions.
The liquidation of such a highly leveraged position contributes notably to the market’s ongoing volatility, indicating substantial risk and uncertainty prevalent within Ethereum’s derivatives markets. Wallet 0xcB92, recognized for its aggressive trading strategies, had expanded its Ethereum short to 10,000 ETH with a liquidation price of $2,828 per ETH. The whale’s activity has historically generated significant profits, though no public acknowledgments or statements have been linked to this address.
“The whale expanded a 10x leveraged ETH short position by 10,000 ETH, setting a liquidation price at $2,828 per ETH, highlighting the risks involved in aggressive trading strategies.”
The broader market effects include increased open interest and negative funding rates in Ethereum futures, signaling bearish sentiment. Despite notable events like this, there is no direct evidence of significant TVL shifts or staking pool outflows tied to the wallet. Historical precedents, such as large-scale liquidations in April 2025, have also caused sharp price declines across major cryptocurrencies. These events reflect the recurring influence of large liquidations causing systemic risk in the cryptocurrency market.
As of now, there are no formal comments from key opinion leaders or regulators concerning the whale’s recent activity. Community engagement remains high on platforms like Twitter, while on-chain analytics continue to track such high-profile movements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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