Major ETH Whale Takes New $7M+ Short Position via Aave
The post Major ETH Whale Takes New $7M+ Short Position via Aave appeared on BitcoinEthereumNews.com.
Ethereum whale shorts 4,000 ETH after losing $14.23M on earlier trades between April 22 and 25. ETH price rises 1.85% to $1,806.26, showing resilience despite heavy whale shorting activity. Exchange flows and active addresses show a balanced but uncertain outlook for Ethereum’s recovery. A well-known Ethereum whale is betting against the recent ETH price recovery. On-chain analyst @ai_9684xtpa reported via X that this whale borrowed 4,000 ETH (worth about $7.25 million) from the DeFi lending platform Aave. The analyst noted the whale borrowed this ETH specifically to open a new short position, signaling a cautious or bearish outlook. Whale’s Rocky Recent Trades: Profits Followed by Losses This isn’t the whale’s first big move lately. They’ve been actively swing trading ETH since mid-April. Earlier trades reportedly netted them over $1 million in profit. However, their luck seemed to turn between April 22nd and 25th. During that time, the whale shorted ETH but got caught out when the price went up, forcing them to buy back higher. This resulted in losses totaling around $382,000 on those recent shorts. Now, despite those losses, they’re placing another large short bet Data showed that the whale’s average short selling price was $1,731, while the closing price reached $1,778.70, culminating in a realized loss of $14.23 million from an earlier 8,000 ETH position. Related: What Do Ethereum Whales Know That We Don’t How ETH Price Reacted This Time Despite these activities, Ethereum traded higher during the latest session, trading at around $1,806 after registering a 1.85% daily gain. CoinMarketCap data showed a rise in Ethereum’s market capitalization to $218.05 billion, while daily trading volume climbed 5.05% to $15.88 billion. The network’s circulating supply remained stable at 120.72 million ETH, aligning with total supply figures. A volume-to-market cap ratio of 6.95% pointed to active trading conditions. During…
Filed under: News - @ April 26, 2025 11:26 am