Massive ETH Short Position Opened: Whale Bets $12.98M Against Ether With Extreme Leverage

A major market player has just made a bold bearish move on Ethereum. Blockchain monitoring data revealed that a giant whale known as 0xd8ef transferred 3.25 million USDC to Hyperliquid and immediately established an aggressive short position on ETH using 25x leverage.

The Position Details

The whale is currently sitting on holdings worth approximately $12.98 million in ETH—a substantial 3,000 ETH amount. However, the real story lies in the risk exposure: with 25x leverage amplifying every price movement, the liquidation threshold stands at $5,291.9, creating an extremely tight margin for error.

What This Means for the Market

When whales make such extreme leveraged bets, it often signals strong conviction about near-term price direction. A 25x short position is far from conservative—it suggests the player believes Ethereum faces meaningful downside pressure. Given the current ETH pricing, every dollar move becomes magnified across this massive position.

The tight liquidation level means even modest upside moves could force position closure, potentially triggering cascading liquidations if the market moves against the bet.

This type of aggressive positioning is worth monitoring closely, as whale moves frequently precede significant market volatility in the derivatives space.