According to on-chain analyst ai_9684xtpa, a whale heavily shorting Ethereum (ETH) has continued to increase positions, bringing the total nominal value to 20,612.13 ETH. A separate address linked to the same entity opened an additional short position worth 1,001 ETH.
Current Position Overview:
- Total Short Position: 21,613.13 ETH ($77.68 million)
- Average Short Price: $3,458
- Unrealized Loss: $2.844 million
- Position Health: 1.27 (critically low)
The whale’s aggressive shorting strategy reflects bearish sentiment toward ETH, though mounting losses suggest potential liquidation risks if the market rebounds.
Macroeconomic Highlights (2025):
- USD/JPY: Fell 9% in H1 2025, marking its strongest performance in years.
- U.S. June Non-Farm Payrolls: Exceeded expectations, signaling economic resilience despite tariff impacts. Fed rate-cut expectations cooled.
- Legislation: The U.S. House passed the revised Big and Beautiful Act, with Trump expected to approve it before the July 4 deadline.
Market Reactions:
- 10-year Treasury yield rose to 4.35%.
U.S. equities rallied:
- Dow Jones (+0.77%)
- S&P 500 (+0.83%; 6,279 pts)
- Nasdaq (+1.02%; 20,601 pts)
- China Golden Dragon Index gained 0.4%.
Bitcoin (BTC) Price Action:
- Current Price: $109,483 (briefly touched $110,529)
- Distance from ATH: ~$1,000 below $120,000
- Market Sentiment: Mixed—bearish momentum contrasts with bullish breakout potential.
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FAQs
Q1: Why is the ETH whale’s health度 so low?
A1: Health度 measures position sustainability. At 1.27, the whale faces imminent liquidation if ETH price rises marginally.
Q2: What drove USD/JPY’s 2025 decline?
A2: A combination of Fed policy shifts and yen-strengthening reforms in Japan.
Q3: Could BTC’s near-ATH price trigger volatility?
A3: Yes. Profit-taking near $120,000 may cause short-term swings, but institutional demand could stabilize prices.