Remember that Ethereum whale who nailed the October 2025 crash with a massive short? They’re back at it.
A whale has opened a $19.7 million short position against Ether, according to on-chain data. The move comes as ETH’s technical picture looks increasingly shaky.
One analysis suggests ETH could drop as low as $1,375 — which would net this trader roughly $2.39 million in unrealized profit if it plays out. That’s not pocket change.
It’s a bold bet, but the whale seems to know something. Or at least, they think they do.
Markets have been choppy all week, with tech stocks getting hammered globally and crypto following suit. ETH has struggled to hold support levels, and this short position suggests at least one big player is betting on more pain ahead.
