One of the best traders with high lipids, a blockchain designed to promote fast financial transactions, opened a big short against Ethereum (ETH). The trader recently added another fresh 15,000 shorts at 4536.30, and the total short exposure exposed 62.19 million, according to X’s Whale Watch Perps.
Why is it important?
Currently, ether is around 4,530, and is rated at over half a trillion. It has gained relative stability since its recent upgrade, including the EIP-1559, which has burned more than 2.3 million ETH since 2021 to reduce supply. There is no secret that many analysts are urging ETH to exceed the 5,000 mark by the end of 2025. But this massive bet shows that not everyone has a bullish story. Other traders are betting on ETH’s return to a support area of around 4,000,000,000,200.
The lasting future has evolved to be the main platform for high lipids. Its cheap rates and completion speed make it attractive for high leverage traders. The native currency for platform hype is around $57, with great daily sales showing more activity on the platform. Most of this size is not free, as eternal futures require funding payments. Traders already run around 6,200 per day to maintain their position at a typical funding level.
High risk and high reward
The price of this transaction during liquidation is far away, but the crypto market tends to skyrocket in a short period of time. The same type of rally can erase this short one despite its size. Ether is trading at around 4,500 after a peak of about 4,700 in early January. Bitcoin has recently dropped by 7% at the 70,000 level, causing alarms to occur in the wider market. Such traders may be positioned to take the pullback in case AltCoins reverses Bitcoin. This is not the first time that such an event has occurred, including the liquidation of 1.2 billion Bitcoin in March 2025.
