Ethereum Whale Opens $19.7M Short Bet Targeting $1,375 ETH
A whale who correctly shorted the October 2025 ETH crash has opened a fresh $19.7M short position, eyeing a drop to $1,375.
A crypto whale with a proven track record of timing Ethereum downturns has opened a new $19.7 million short position on Ether, according to on-chain data reported by Cointelegraph. The move signals that at least one major market participant is betting the second-largest cryptocurrency by market cap has further to fall.
Ethereum's current technical setup supports the bearish thesis, with chart patterns pointing toward a potential slide to $1,375. If that price target is reached, the whale's unrealized profit would climb to an estimated $2.39 million — a meaningful return on a single leveraged position.
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What gives this bet added weight is the trader's history. This is the same whale credited with shorting the October 2025 Ethereum crash, a call that proved prescient and likely generated substantial gains. Repeat success in volatile crypto markets is rare, and the reopening of a directional short suggests the trader sees structural weakness rather than a one-time dip.
For retail investors, the trade underscores the degree to which large players can use derivatives to position against prevailing sentiment. While one whale's move does not guarantee a market outcome, the size of the position — nearly $20 million — reflects a high-conviction view that Ether's recent price levels are unsustainable. Broader market conditions, including macroeconomic pressure on risk assets, could either accelerate or blunt the anticipated decline.
Continue reading at Cointelegraph.
