Ethereum Whale Opens $19.7M Short Bet Targeting $1,375 ETH
A well-timed crypto whale is shorting Ether again, with a $19.7M position and potential $2.39M profit if ETH drops to $1,375.
If you've been watching Ethereum's price action lately, you're not alone — and neither are the big-money players. A crypto whale with a proven track record of calling ETH downturns has quietly opened a fresh $19.7 million short position on Ether, according to on-chain data flagged by Cointelegraph. In plain terms, this trader is betting that ETH's price is heading lower, not higher.
What makes this move worth paying attention to is the history behind it. This is the same whale who reportedly shorted the October 2025 Ethereum crash — meaning they've done this before and walked away with a profit. Fool me once, sure. But when the same wallet opens a similarly structured trade, the market tends to take notice.
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The technical picture isn't exactly screaming "buy" right now either. Ether's current chart setup, according to the report, points toward a possible slide down to $1,375. If that target gets hit, the whale's unrealized gain would balloon to roughly $2.39 million. That's a tidy return on a single short trade, assuming the price cooperates.
For everyday investors, a short position means the trader profits when the asset loses value — essentially the opposite of holding ETH and hoping it goes up. Whale moves like this don't guarantee a price drop, but they can act as a sentiment signal worth watching, especially when the trader placing the bet has called it right before. Whether ETH follows the script or bounces back is, of course, anyone's guess in crypto.
Continue reading at Cointelegraph.
