Giant whale heavily shorting ETH: $75 million 3× leverage has been established in the market
According to on-chain monitoring, last week the giant whale address 0x0dd opened
approximately $75 million of ETH 3x leveraged short positions.
As of now:
Unrealized loss: approximately $1.7 million
Liquidation price: approximately $3,993
This is not a test position, but a clear directional structural short.
In the current phase of converging volatility and oscillating sentiment,
such a large-scale short layout is a signal worth monitoring.
Where the price goes is not important,
what matters is—once it approaches the liquidation line, volatility will be quickly magnified.
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