Lookonchain
A wallet created 10 hours ago opened a 25x short on 13,826 ETH valued at $33.5 million. As ETH rebounded, the position was partially liquidated, leaving the wallet short 8,849 ETH worth $21.4 million.
Why it matters
The trade shows how quickly a highly leveraged ETH position can shrink when price moves against it. The partial liquidation reduced the exposure, but the wallet remains materially short.
Market impact
The remaining position has a new liquidation price of $2,430.28. That level is the clearest marker for the trade's immediate risk: another move higher in ETH would put pressure on the short, while a move lower would work in its favor. The data describes one wallet's position and does not establish a broader market trend.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0xb15b229203c383abf143b409e53315788e18dbae#perps)
Frequently asked questions
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How large was the wallet's original ETH short?
The wallet opened a 25x short on 13,826 ETH valued at $33.5 million.
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What happened to the position after ETH rebounded?
The rebound partially liquidated the short, reducing the position to 8,849 ETH.
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How much ETH does the wallet still have short?
The wallet still holds a short on 8,849 ETH worth $21.4 million.
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What is the new liquidation price for the ETH short?
The position's new liquidation price is $2,430.28.
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Does this wallet trade establish a broader ETH market trend?
No. The data describes one wallet's leveraged position and does not establish a broader market trend.
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