HuoXing Finance reports that, on April 2, according to Hyperinsight monitoring, the whale address starting with 0xcab attempted to buy ETH long positions twice today, closing both at breakeven with a total loss of approximately $17,000. Subsequently, within the past half-hour, this address shifted strategy and opened a 25x leveraged ETH short position with a position size of $4.89 million, at an average entry price of $2,033 and a liquidation price of $2,076—representing a liquidation buffer of approximately 2%. The position is currently slightly underwater by about $11,000 (-5%).
Whale Loses $17,000 on ETH Attempts, Opens $4.89M Short Position
MarsBitShare
Summary
A whale with address 0xcab... lost $17,000 on two ETH purchases on April 2, 2026, exiting at breakeven. The whale then opened a $4.89M short position with 25x leverage, entering at an average price of $2,033 and facing liquidation at $2,076. Trading decisions reflected elevated risk, as the position declined by $11,000 (-5%). The whale’s position sizing strategy remains under close market observation.
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