Whale Opens $51M ETH Short After Price Hits $4.7K

A crypto whale shorts ETH with $51M after it touches $4,700, betting on a reversal with 20x leverage on Hyperliquid.

Ava NakamuraSeptember 13, 2025 - 2:00 PM

ETH short position by whale after price hits $4,700

Ethereum

ETH price hits $4,700 before facing a big short
Whale opens $51M ETH short on Hyperliquid
Liquidation set at $5,086.9, using 20x leverage

Ethereum (ETH) just surged past the $4,700 mark, sparking excitement in the crypto market. But while retail investors may see this as a bullish sign, one crypto whale seems to think otherwise. Wallet 0x0911 made a bold move by depositing $5.1 million in USDC into the perpetual trading platform Hyperliquid, setting up a massive short position on ETH.

This whale is not just dipping a toe — they’re diving in with 20x leverage, translating their capital into a $51 million short position on Ethereum. This means they’ve borrowed heavily to bet that ETH’s price will drop, a strategy that can bring huge profits — or massive losses.

High Stakes with a $5,086.9 Liquidation Price

The short position taken amounts to 10,796 ETH, and the whale’s liquidation price is $5,086.9. If ETH climbs past that level, the position will be forcefully closed, potentially resulting in a full loss of the $5.1M margin. With current market volatility and Ethereum’s momentum, the risk is high — but so is the potential reward if the price reverses.

This move has sparked conversation in the crypto community. Is this a smart hedge or an overly aggressive bet against ETH’s strength?

ETH just broke $4,700!

Whale 0x0911 deposited 5.1M $USDC into Hyperliquid to short $ETH with 20x leverage.

Position: 10,796 $ETH($51M)
Liquidation price: $5,086.9https://t.co/K8JbRwiRDk pic.twitter.com/s6mh4Cql4q
— Lookonchain (@lookonchain) September 13, 2025

Market Eyes on Whale Activity

Large positions like these often signal shifts in sentiment among high-net-worth traders and institutions. While ETH remains bullish for now, whale trades can influence market direction, especially if they align with broader trends.

Traders should keep an eye on this level — $5,086.9. If ETH nears it, short liquidations could trigger further upside. On the other hand, if ETH begins to drop, this whale’s bet could pay off massively.

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