Whale adds to position with 21,800 ETH short, $66 million bet with an unrealized loss of nearly $720,000

【Chain News】Interesting on-chain signals worth paying attention to. According to data tracking, an active whale wallet has been continuously building a short ETH position. The 10x leveraged short position has already expanded to 21,820.69 ETH, worth approximately $65.51 million. The trader’s break-even price is $3,016 per ETH, with an unrealized loss of $719,000 at the moment. From a trading logic perspective, this is a typical high-leverage short setup—whales are continuously increasing their bearish bets, possibly waiting for a downside opportunity or holding a specific view on recent market trends. Movements of such large positions often reflect microstructural changes in the market and are an important reference for traders observing major players’ actions. Of course, high leverage means high risk, and any shift could trigger intense volatility.