Crypto Whale Bets Big: Predict Ethereum’s Collapse? Here’s the Explanation!

Jakarta, Pintu News – In a crypto world full of speculation and big bets, a well-known crypto whale recently made a big move by opening a $62.42 million short position against Ethereum (ETH), using 18x leverage. This move shows a strong belief that the price of Ethereum (ETH) will not increase in the near future.

Aggressive Strategy Against Ethereum

The crypto whale with the wallet address “0x2258…” has entered the arena with a bet that is not only big but also bold. By shorting 20,474 Ethereum (ETH) at an entry price of $3,060, this whale has seen an unrealized profit of around $1.14 million, or a 30% return, as the price of Ethereum (ETH) is currently below $3,000.

The liquidation value of this position is $3,505, which if reached, would lead to the complete liquidation of the position. This whale is no stranger to high-risk bets. The use of 18x leverage indicates a high confidence that Ethereum (ETH) will continue to fall, or at least will not surpass the $3,500 resistance level in the short term. This is a bold play in a market that still hasn’t decided whether Ethereum (ETH) can recover its bullish momentum.

Also Read: XRP Price Surges Again: Momentum Rising, Eyeing Key Resistance

Impressive Record Against James Wynn

This crypto whale has been known for taking positions that are often opposite of crypto influencer James Wynn, often with favorable results. In May, when Wynn bought Ethereum (ETH) and Bitcoin (BTC), “0x2258…” immediately shorted both. When Wynn closed his position, “0x2258…” did the same and made a profit of $1.36 million.

The next day, Wynn turned bearish, and “0x2258…” immediately went long and earned an additional $2.54 million. Within a few days, the whale managed to secure $5.6 million in profits, and since then, the strategy has generated over $15 million in realized gains. This shows great skill and timing in reading the market and taking advantage of price movements.

Uncertainty in Ethereum’s Path

While Bitcoin (BTC) continues to break through key resistance zones, Ethereum (ETH) seems to be caught in a tougher fight. Traders like “0x2258…” seem to believe that Ethereum (ETH) currently lacks the strength to push past the $3,500 level. However, shorting with high leverage like this is a double-edged sword.

If Ethereum (ETH) experiences a sudden surge in price, these traders could be caught in a squeeze, which might force them to buy back at a higher price, pushing the price up even faster. So far, this whale seems to have won its bet again. Whether this will end in another million-dollar profit or a hard reset, depends on what Ethereum (ETH) will do next. The market is currently waiting to see the outcome.

Conclusion

With market dynamics constantly changing, this bold move by a crypto whale could be an important indicator for the future trend of Ethereum (ETH). Whether this will be a defining moment or just another speculation, only time will tell. However, one thing is for sure, the eyes of the crypto world are on this whale’s next move.

Also Read: $2 Billion Fresh Money Injection, Bitcoin Ready to Fly Again? Analyst: Big Crypto Rally Signals!

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Reference

• NewsBTC. Massive Whale Profits $15 Million, Now Betting Big on Ethereum to Crash. Accessed on July 18, 2025