Summary
- It was reported that whale address 0x2258, which shorted Ethereum (ETH), is recording over $3.5 million in unrealized losses.
- This address established an 18x leveraged Ethereum short position yesterday and stated that the liquidation price was at $3,321.
- Additionally, 0x2258 opened an 18x short position on Ethereum worth $100 million the previous day.
The whale address 0x2258, which shorted Ethereum (ETH), is reportedly recording losses of over $3.5 million.
On the 16th (local time), Lookonchain reported on X (formerly Twitter), saying, "Whale address 0x2258 is currently recording losses of more than $3.5 million," and added, "He previously established an 18x leveraged Ethereum short position yesterday." His liquidation price stands at $3,321.
Meanwhile, the previous day, 0x2258 opened an 18x short position on Ethereum worth $100 million.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)