Whale uses 15x leverage to short ETH for one day and earns 15.69 million: double gains from unrealized profits and fees

【BiTu】A major whale recently reaped significant gains from a short ETH betting game. This whale account shorted 35,221 ETH with 15x leverage, totaling a position of approximately $105 million. Interestingly, this trade is currently floating a profit of $12.55 million, with $3.14 million earned just from funding fees, bringing the total profit close to $15.69 million.

Looking at the opening details, the average entry price for this account was $3,332.52, while the current liquidation price is set at $3,855.54 — meaning as long as ETH doesn’t surge by over $500 in one go, this position will be liquidated. However, considering the floating profit scale and ongoing fee income, this short seller has clearly tasted success. Behind such large leveraged trades, there often reflects whales’ short-term market judgments and frequently serves as a market sentiment indicator.