Ethereum whale who shorted October 2025 crash opens $19.7M ETH short position Ether’s technical setup points to a potential drop to $1,375, a move that could lift one whale’s unrealized profit to $2.39 million.
An Ethereum whale who shorted Ether (ETH) during the October 2025 crypto crash has returned after eight months of silence
Key takeaways: – Ethereum whale opens a $19.72 million 20x ETH short near the $1,500 support zone. – ETH’s bear flag setup hints at a decline toward $1,375, which may earn the whale roughly $2.39 million in profits. Ethereum whale opens 20x short after eight-month hiatus On Friday, wallet ‘0xf83f…6728’ opened a 20x-leveraged ETH short worth $19.72 million as Ether reached the $1,500 support zone after dropping 18.25% over the last two weeks. The position was opened at an average price of around $1,565, according to data resource Hyperbot.
As of this press time, the whale had earned nearly $106,500 in unrealized profits as the ETH price dropped around the $1,550 area. Ethereum whale’s $19.72M position status as of Friday.