Ethereum Whale Risks Million-Dollar Loss as $100M ETH Short Faces Pressure

A large Ethereum investor has opened a leveraged short position worth more than $100 million, betting that Ether prices will decline despite recent signs of recovery and renewed comments from Ethereum co-founder Vitalik Buterin about reducing ETH sales.

Blockchain tracking data shows the wallet identified as “0x50b…” opened a short position of around 47,600 ETH, valued at roughly $100.7 million. The trade was placed with nearly 23x cross-margin leverage and entered at an average price of about $2,094.

At current market prices near $2,115, the whale is already sitting on an unrealized loss close to $1 million. Additional funding costs have also increased the expense of maintaining the position.

ETH Price Recovery Puts Short Position at Risk

The whale’s liquidation level stands near $2,150, meaning even a small upward move in Ethereum’s price could trigger losses above $1 million and potentially force the position to close.

Ethereum recently rebounded from lows near $2,000, supported by improving market sentiment as concerns around geopolitical tensions between the United States and Iran eased.

Vitalik Buterin Signals Lower Ethereum Foundation Sales

At the same time, Vitalik Buterin said the Ethereum Foundation plans to “sell less ETH” going forward. His comments came after criticism over previous token sales, with the foundation reportedly selling around 20,000 ETH in 2026 while still holding large treasury reserves.

Despite recent outflows from Ethereum ETFs and weaker institutional demand, some analysts still believe Ethereum remains strong for long-term growth due to its large onchain ecosystem.