🚨 Whale Watch: High-Leverage $ETH Short in Focus ⚡
A trader has opened a massive $2.46M short position on $ETH using 25× leverage. 📉
The position is reportedly sitting close to its liquidation level, meaning even a modest move higher could force the trade to close.
🔥 Large leveraged positions often become key market focus points, as liquidation events can trigger sudden spikes in volatility.
👀 Traders are now watching to see whether bulls can push prices high enough to squeeze the short, or if bears will keep control.
⚠️ High leverage amplifies both profits and losses. Manage risk and trade with caution.#IranClosesHormuz #SpotETFOutflowsEnd #BTCTreasuryStalls