A prominent cryptocurrency trader known as the Triple ETH 100% Win Rate Whale has significantly increased its Ethereum short position to $112 million amidst ongoing market volatility. This move involves strategic adjustments to leverage and risk management.
The whale expanded its Ethereum short exposure to the current $112 million level. This substantial position currently carries an unrealized loss nearing $980,000. To bolster margin capacity and support the position, the whale transferred an additional 3.375 million USDC into the Hyperliquid platform.
Concurrently, the whale reduced its leverage from 25x to 15x, signaling a shift towards a more conservative risk management approach. The core short position consists of 40,000 ETH, established with an entry price of $2,793. The liquidation threshold for this position is set at $2,938.
This significant adjustment reflects strategic positioning by large-scale investors navigating the current Ethereum market conditions, focusing on managing exposure and potential downside risk.