A certain whale attempted twice to buy the dip on ETH without success, then reversed and opened a 4.9 million-scale short position with an extremely narrow liquidation line.

BlockBeatNews

2026-04-02 10:53:56

ETH-4,14%

BlockBeats News, April 2, according to Hyperinsight monitoring, the giant whale starting with 0xcab tried to buy the dip for ETH long positions twice today; both times, it exited with positions closed at breakeven, with total losses of about $17,000.

Subsequently, within the past half hour, the address shifted and opened 25x leveraged ETH short positions, with a position size of $4.89 million, an entry average price of $2,033, and a liquidation price of $2,076. Based on an estimated liquidation of about 2%, it is currently modestly underwater, about $11,000 (-5%).

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