ETH whale 15x short position floating profit reaches hundreds of millions, funding fee income hits a new high

【Block Rhythm】 Interestingly, recently a player staged a spectacular shorting show on ETH. On December 20th, according to on-chain data monitoring, a whale shorted 35,221 ETH (about $105 million in exposure) with 15x leverage. Currently, the unrealized profit in single tokens has reached $12.55 million.

Even more impressive, just from the funding rate alone, he made $3.14 million — this is the real “free ride” profit. His initial opening price was locked at $3,332.52, with a liquidation price at $3,855.54. It seems this brother’s market judgment is quite good, at least in the shorting direction, he made a hefty profit.

Such large-scale short operations are actually quite common in the current market. On one hand, whales use leverage to amplify gains; on the other hand, fluctuations in funding rates can also bring them considerable income. Of course, high leverage also means high risk — while there is some buffer before liquidation, if the market suddenly reverses, they need to stop loss immediately.