Significant leveraged short positions totaling over $143 million have been established against Ethereum by prominent traders, signaling heightened market volatility.
Three substantial bearish bets were identified:
– Wallet 0x8c58 deposited 3.74 million USDC into Hyperliquid and opened a 15x leveraged short position of 18,394 ETH, valued at $54.3 million.
– Wallet 0x2258 deposited 3.25 million USDC to short 16,219 ETH with 25x leverage, creating $48 million in market exposure.
– Wallet 0xec4b established a 15x leveraged short position of 13,845 ETH, representing $41.07 million in value.
These coordinated large-scale leveraged shorts underscore escalating market uncertainty and anticipation of potential price turbulence in the Ethereum ecosystem.