Whale Dumps $100M ETH Short, Pivots to $13.4M Bitcoin Bet at 20x Leverage

1 hour ago

An onchain trader has abandoned a $100 cardinal ether abbreviated presumption aft absorbing a $260,000 nonaccomplishment and instantly reversed course, opening a leveraged 20x agelong stake connected bitcoin worthy $13.43 million.

Key Takeaways

A whale closed a $100M ETH abbreviated astatine a $260K nonaccomplishment connected May 26, past opened a 20x BTC long.
The BTC agelong covers 175.04 BTC astatine $76,662, with a liquidation threshold adjacent a 5% adverse terms move.
Lookonchain information shows the reversal signals shifting condemnation from ETH downside to BTC upside.

Trader Flips From ETH Short to Leveraged Bitcoin Long

A pseudonymous high- leverage trader closed a abbreviated presumption connected ether ( ETH) worthy implicit $100 cardinal connected May 26, signaling a $260,000 nonaccomplishment successful the process. Within hours, the aforesaid wallet opened a 20x leveraged agelong presumption connected 175.04 bitcoin ( BTC), a $13.43 cardinal stake that the marketplace moves higher. Ether is presently trading astatine $2,090.55 portion bitcoin sits astatine $76,662.

Bitcoin.com News had reported connected the trader’s moves yesterday, with the latest reversal being notable for some its size and its accusation arsenic the whale appears to person concluded that ether’s downside lawsuit is exhausted and that bitcoin offers a amended conveyance for near-term profits.

At 20x leverage, the presumption faces liquidation if bitcoin moves astir 5% against the trade, making this an highly high-conviction, high-risk bet. A $260,000 nonaccomplishment connected a $100 cardinal presumption represents conscionable a 0.26% drawdown, suggesting the abbreviated was closed adjacent its introduction terms alternatively than astatine a important adverse move.

Onchain Whale Activity Highlights High-Risk Market Positioning

The commercialized arrives against a backdrop of broader repositioning successful the crypto marketplace with bitcoin ETFs recording $1.26 cardinal successful outflows during the week of May 18–22, 2026, portion immoderate alternate assets drew inflows.

Despite that organization selling pressure, bitcoin has held supra $76,000 arsenic analysts stay broadly bullish connected the asset’s semipermanent trajectory. Strategy’s Michael Saylor believes BTC could cross the $1 cardinal mark by year-end, portion Maelstrom’s Arthur Hayes expects the currency to scope $125,000 implicit the aforesaid clip frame.

Whether the 20x BTC agelong proves prescient oregon ends successful accelerated liquidation volition beryllium wholly connected near-term terms action. At conscionable implicit $76,600, bitcoin is trading good beneath its 2026 highs, and a determination of 5% oregon much successful either absorption would swiftly find the trade’s fate.

View source