32 million position! Large investors aggressively add to ETH short positions, simultaneously short PEPE

OnChainDetective · 2026-01-21T12:38:10+00:00

A trader turned an initial capital of 30 million USDC into 225 million USD, recently increasing ETH short positions during a market downturn, and opening new PEPE short positions. The portfolio includes ETH, BTC, and three other cryptocurrencies, with a total position of $332 million, demonstrating a pessimistic attitude towards the market at high levels.

OnChainDetective

2026-01-21 12:38:10

Abstract generation in progress

【ChainWen】There is an interesting trading account. The initial 3 million USDC principal has already grown to a floating profit of 22.5 million USD—this return is quite incredible. Recently, the market has declined, and this trader did not close the position; instead, he took the opportunity to further increase his ETH short positions, showing real guts. Not only that, he also simultaneously opened a short position on PEPE.

As of now, this guy’s short positions have been spread across 5 cryptocurrencies: ETH, BTC, HYPE, PEPE, and XMR, with a total position size of $332 million. Such a scale of holdings and trading logic clearly indicates a bet on continued market decline—or in other words, this trader is very pessimistic about the current high levels. Someone who can turn 3 million into 22.5 million is obviously not relying on luck, but whether this aggressive increase in positions will pay off depends on the upcoming market performance.

ETH-3,36%

PEPE-1,87%

BTC-2,16%

HYPE-3,07%

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SchrodingerProfit

· 5h ago

3 million turning into 22.5 million, that's really fierce. But now, with a short position size of 332 million... it's truly playing with fire. Once there's a reverse breakout, it'll be game over.

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BagHolderTillRetire

· 5h ago

This guy is really risking his life, going all-in with 332 million... If it rebounds, it's game over.

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gaslight_gasfeez

· 5h ago

This guy is really betting on Bitcoin continuing to fall, he's a bit crazy but also quite brave.

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LiquidityWitch

· 5h ago

This guy is really crazy. He just laid out a $320 million short position, betting on a continued plunge.

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GateUser-a180694b

· 5h ago

This guy really dares to do it. A short position of 332 million was just laid out like that, and he immediately goes all-in.

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OffchainOracle

· 5h ago

3.32 billion short positions, this guy is really all in on a pessimistic outlook, he's got quite a gambling streak.

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GasFeeGazer

· 5h ago

This guy is really bold. With a floating profit of 22.5 million, he still refuses to take profits and continues to leverage short... If he guesses wrong, he'll lose everything.

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