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Crypto whale opens $100M short on Ethereum, sparking bearish speculation amid Vitalik Buterin's promise to sell less ETH.

Market News
26 May 2026
Cointribune
View Source
Bearish
pluang ai news

An anonymous investor opened a $100.72 million short position on Ethereum using 23x leverage on the Hyperliquid platform, with a tight liquidation price near $2,150. This move challenges Ethereum co-founder Vitalik Buterin's recent pledge to reduce ETH sales by the Ethereum Foundation. The short position risks automatic liquidation if ETH price rises above $2,149.84, potentially triggering a short squeeze that could push prices higher. Meanwhile, institutional interest in Ethereum appears to be waning, with significant ETF outflows and major investors reducing exposure, signaling a critical phase for Ethereum's market direction in the near term.

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