{"id":31500,"date":"2025-06-12T10:01:33","date_gmt":"2025-06-12T10:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31500"},"modified":"2025-06-12T10:01:33","modified_gmt":"2025-06-12T10:01:33","slug":"high-risk-high-reward-trader-ups-ethereum-short-before-cryptos-pullback-records-unrealized-profit-of-1-8-million","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31500","title":{"rendered":"High Risk, High-Reward? Trader Ups Ethereum Short Before Crypto&#8217;s Pullback, Records Unrealized Profit Of $1.8 Million"},"content":{"rendered":"<div>\n<p>A leveraged trader who doubled down on their <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) short bet on Wednesday was sitting on unrealized profits as the second-largest cryptocurrency fell in value.<\/p>\n<p><strong>What Happened<\/strong>: According to on-chain tracker Lookonchain, the trader deposited an additional\u00a0$3.37 million in <strong>USD Coin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDC<\/a>) to increase\u00a0their short on Ethereum. As of this writing, the position stands at 40,000 ETH, equivalent to $109.9 million.<\/p>\n<p>The trader opened a 15x leveraged\u00a0short position on ETH on\u00a0the decentralized perpetual trading platform\u00a0<strong>Hyperliquid<\/strong> at an entry price of $2,793.81.<\/p>\n<p>The trader has an unrealized profit of $1.80 million at the time of writing. The entire position would be liquidated if ETH rallies to $2,938.2<\/p>\n<p><strong>See Also:\u00a0<a href=\"https:\/\/benzinga.com\/markets\/tech\/25\/06\/45831309\/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud\" target=\"_blank\" rel=\"noreferrer noopener\">Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk &#8230;<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/25\/06\/45899397\/high-risk-high-reward-traders-ups-ethereum-short-before-cryptos-pullback-record-unrealized-profit-of-1-8-m\" alt=\"High\" risk high-reward trader ups ethereum short before crypto pullback records unrealized profit of million>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A leveraged trader who doubled down on their Ethereum (CRYPTO: ETH) short bet on Wednesday was sitting on unrealized profits as the second-largest cryptocurrency fell in value. What Happened: According to on-chain tracker Lookonchain, the trader deposited an additional\u00a0$3.37 million in USD Coin (CRYPTO: USDC) to increase\u00a0their short on Ethereum. As of this writing, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31500","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31500"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31500\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}