Whale opens new double short positions on BTC and ETH, with a leverage of 20x, holding over $8.8 million in positions

HashBandit · 2026-01-23T09:40:10+00:00

A whale address recently opened short positions on both BTC and ETH, with 50 BTC and 1500 ETH respectively, worth nearly $9 million. Using 20x leverage, this indicates their view on a short-term correction in the market. This move is worth noting, as large traders' position changes often reflect market sentiment.

HashBandit

2026-01-23 09:40:10

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【Blockchain Rhythm】Interesting on-chain activity. In the past half hour, a whale address starting with 0xdf78 made a big move—opening both BTC and ETH short positions, both with 20x leverage. This operation carries significant risk.

On the BTC side, the whale built a position of 50 coins, worth approximately $4.45 million, with an average price around $89,064, and a liquidation price set near $98,000. This means BTC would need to rise by over $1,000 to be liquidated, leaving some room for movement.

The ETH move is even larger, with a scale of 1,500 coins, equivalent to $4.38 million, with an average price of $2,917, and a liquidation price at $3,213. The combined positions are approaching $9 million.

Looking at this layout, the whale is likely engaging in short-term adjustment trading. Whether from a technical or fundamental perspective, the position changes of these large traders have always been worth paying attention to—they often reflect shifts in market sentiment through their leverage directions.

BTC0,95%

ETH0,48%

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MEVSandwich

· 5h ago

20x short position nearing 9 million, this whale's guts are really big. Not everyone dares to play like this.

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RektButSmiling

· 6h ago

Leverage of 20x short position worth 9 million, this whale really isn't afraid of death Is this guy betting on a correction or just looking for excitement? Setting the liquidation price so loosely... there's something to it

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RunWithRugs

· 6h ago

This whale really has guts, shorting dual currencies with 20x leverage, risking liquidation at any moment. ngl doing this is really a bit crazy... nearly $9 million just pushed in like that. Wait, does it know something we don't... 20x short? Bro, is this risking life or just betting on the market? Why does it seem like the big players have been bearish lately? Are they really so sure the rebound is over? This move... I would have already lost my mind if it were me.

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HappyMinerUncle

· 6h ago

This whale probably just wants to gamble on a short-term correction. I really can't understand the move of shorting $9 million. Playing double shorts with 20x leverage, he's really bold. Looking forward to the reverse indicator effect of this whale... This guy is probably going to get caught, I bet 5 bucks. Why do you have to use such high leverage? Aren't you just inviting trouble? Setting the liquidation price so loosely, it still feels a bit confident. $8.8 million in short positions, if it reverses, it will be liquidated immediately. That's brutal. Even whales can sometimes be mistaken. Can he hold up this time?

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