Whale 0x2258 Faces $3.5M Loss on 18x Leveraged ETH Short Ahead of $3,321.81 Liquidation Threshold
2025-07-16 08:46:48
Main Idea
Whale address 0x2258 faces a $3.5 million unrealized loss on an 18x leveraged ETH short position, with a critical resistance level at $3,321.81.
Key Points
1. Whale address 0x2258 opened a high-leverage (18x) short position on Ethereum (ETH).
2. The trade has resulted in an unrealized loss exceeding $3.5 million.
3. A critical resistance level for ETH is noted at $3,321.81, which could impact the trade further.
Description
On July 16, blockchain analytics platform Lookonchain reported that the whale address 0x2258 initiated a significant short position on Ethereum (ETH) using 18x leverage. This high-risk trade has resulted in
$ETH
$3288.56
+6.26%
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