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Whale Trader Opens Massive $19.82M Short Position on Ethereum at $3,528.85 Entry Price

2025-07-24 01:22:56

Whale Trader Opens Massive $19.82M Short Position on Ethereum at $3,528.85 Entry Price

Main Idea

A whale trader opened a significant short position on Ethereum worth $19.82 million at an entry price of $3,528.85 per ETH, indicating strategic positioning in the crypto market.

Key Points

1. On July 24, a whale trader known as 'First Set 10 Big Targets' opened a short position of 5,444.155 ETH, valued at $19.82 million.

2. The entry price for the short position was $3,528.85 per ETH.

3. The margin allocated for this trade was $3.845 million.

4. The move highlights strategic positioning within Ethereum's market dynamics.

Description

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