An Ethereum whale known for shorting the October 2025 crash has opened a new $19.7 million short position on Ether. The source notes that ETH’s technical setup points to a possible move toward $1,375, which could raise the trader’s unrealized profit to $2.39 million.
An Ethereum whale known for shorting the October 2025 crash has opened a new $19.7 million short position on Ether. The source notes that ETH’s technical setup points to a possible move toward $1,375, which could raise the trader’s unrealized profit to $2.39 million.
The move matters because large whale positions can draw attention from crypto traders watching market sentiment and leveraged bets. In this case, the position is notable not only for its size, but also because the trader is associated with a prior successful short during a major market decline.
An Ethereum whale who previously shorted the October 2025 crash has returned with a new bearish bet on Ether, opening a $19.7 million short position on ETH, according to Cointelegraph.
The move matters because large whale positions can draw attention from crypto traders watching market sentiment and leveraged bets. In this case, the position is notable not only for its size, but also because the trader is associated with a prior successful short during a major market decline.
Cointelegraph reported that Ether’s technical setup points to a potential drop to $1,375. If that move were to happen, the whale’s unrealized profit could rise to $2.39 million.
The position reflects a bearish view on ETH at a time when technical signals are being closely watched by market participants. However, the setup remains conditional, and the reported profit figure depends on Ether moving toward the cited downside level.
As with all leveraged crypto trades, the position highlights how quickly gains or losses can change when markets move sharply. The report does not establish that the whale’s trade will succeed, only that the current setup could benefit the position if ETH falls as described.
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