Whale uses 25x leverage to short ETH: this fish has only one profit this month

【Blockchain Rhythm】On December 20th, on-chain data shows that a whale opened a large short position 9 hours ago. This whale’s performance record isn’t very impressive—only 1 profit out of 14 trades this month, which is quite concerning. But it didn’t stop there; instead, it used 25x leverage to short ETH, shorting a total of 351.92 ETH (equivalent to $1.05 million), with an average entry price set at $2,983.47.

Honestly, this timing is a bit aggressive. Shortly after opening the position, it already experienced slight losses, suggesting that this old whale is betting on a subsequent correction. After all, when performance is average, traders are more likely to take risks—whether this 25x leveraged heavy bet can turn the tide depends heavily on the subsequent market movement.