Ethereum Whale Opens $19.7M Short Bet on ETH Price Drop
A crypto whale who profited shorting Ethereum's October 2025 crash has opened a new $19.7M ETH short, targeting a drop to $1,375.
A seasoned Ethereum whale who correctly shorted the October 2025 ETH crash has re-entered the bearish trade, opening a fresh $19.7 million short position on Ether, according to on-chain data reported by Cointelegraph. The move signals renewed conviction that Ethereum's price has further room to fall, drawing attention from traders watching large wallet activity as a leading sentiment indicator.
Ethereum's current technical setup supports the whale's thesis, with chart analysis pointing to a potential decline toward the $1,375 price level. Should ETH reach that target, the position would generate an estimated $2.39 million in unrealized profit for the trader, underscoring just how precisely calibrated the bet appears to be.
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The whale's track record adds weight to the trade. Having successfully shorted the October 2025 crash — a move that would have required both timing and scale to execute profitably — this actor has demonstrated a willingness to take high-conviction, high-dollar positions against prevailing market sentiment. Repeat whale behavior of this kind often draws copycat positioning from retail and institutional traders monitoring on-chain flows.
For Ethereum bulls, the emergence of a nearly $20 million short from a demonstrably accurate trader represents a meaningful headwind at a technically fragile moment. Whether the $1,375 target materializes will depend on broader crypto market conditions, macroeconomic sentiment, and whether buyers step in to defend key support zones before the whale's thesis plays out.
Continue reading at Cointelegraph.
