Markets· ★★★· bearish·

New wallet opens $33.5M 25x short on Ethereum

  • —New wallet opened a 25x short on 13,826 ETH worth $33.5 million
  • —Partial liquidation on ETH rebound left 8,849 ETH worth $21.4 million
  • —Liquidation price for the remaining position is $2,430.28
Why it matters: A large short near $2,430 could amplify ETH volatility if that level breaks.
Source: Coinfomania