100% Win-Rate ETH Whale Liquidates 25× Shorts, Loses $46.8M
An ETH whale initially held a 25× leveraged short position of 22,271.47 ETH (≈$87.06 M), reducing it by 3,615.9 ETH with a $69,000 realized loss and facing a liquidation price just $55 above the mark. Hours later, the same ETH whale—once with a 100% win rate—liquidated a remaining 25× short worth $38.92 M after five straight losses, suffering a $1.448 M loss on this trade and cutting its account to $573 K post a $618 K injection. The ETH whale has accumulated roughly $46.76 M in losses over the past week. This high-profile short liquidation underscores how small ETH price swings can trigger margin calls, forced liquidations, and heightened market volatility.
Bullish
The large-scale liquidation of a 25× leveraged ETH short by a whale releases buy-side pressure as short positions are covered, potentially driving ETH prices higher in the short term. Forced buy-ins from margin calls often trigger short squeezes, amplifying upward spikes. However, the episode also underscores the risks of high leverage and heightened volatility, which may deter risk-averse traders and cap gains. Over the longer term, while price recovery could continue if market sentiment improves, persistent volatility from further liquidations could lead to choppy trading conditions. Therefore, the immediate impact on ETH price is likely bullish, fueled by short-covering, but volatility may persist.