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Whale closes $100M ETH short, opens $13.4M 20x leveraged BTC long amid market shifts

Technical Signals
26 May 2026
Bitcoin
View Source
Neutral
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A major crypto trader closed a $100 million short position on ether with a $260,000 loss and quickly opened a $13.43 million long position on bitcoin at 20x leverage. This shift signals a change in conviction from expecting ether to fall to betting on bitcoin's rise. The high-risk BTC bet will be liquidated if bitcoin moves about 5% against the position. Despite recent bitcoin ETF outflows, bitcoin remains above $76,000, with some analysts bullish on its long-term price potential. The trade highlights ongoing high-stakes positioning in the crypto market.

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