LARGEST $ETH SHORT POSITION DOWN $11.1 MILLION — WHALE BET $96M AGAINST ETH AT $1,700

Ethereum rose approximately 2.9% to $1,922.15, continuing to outperform the flat U.S. stock market while semiconductor stocks like Micron and SK Hynix ADR declined over 8%.

The largest ETH short position is held by "pension-usdt.eth," shorting 50,000 ETH with 3x full leverage — representing a notional value of approximately $96.105 million at an average entry price of $1,700. The position is currently underwater by $11.102 million (-39.2%), with a liquidation price of approximately $2,176.25, about 13.2% above the current level.

Meanwhile, U.S. stock indices closed flat overnight with storage and semiconductor sectors experiencing concentrated corrections. ETH's divergence from tech stocks suggests crypto markets are pricing in a different macro narrative — one driven by ETF inflows and easing rate hike fears rather than chip sector dynamics.

👇 Should the whale close the position or hold? Type "CLOSE" or "HOLD" in the comments.

#Fed sees inflation easing #CLARITY Act stablecoin ban #Hyperliquid expands infrastructure partnerships #DTCC launches tokenization pilot