TLDR
- Whale 0x50b3 placed split leveraged bets, shorting ETH and going long on BTC amid volatility.
- The ETH short totals 23,151 coins, worth $50.55 million, with liquidation near $2,288.33 for traders.
- The BTC long covers 323.72 coins, valued at $25.27 million, with liquidation near $70,325.36 level.
- Market watchers are tracking Ethereum support levels as leveraged positions add pressure during the drop.
- A Matrixport-linked whale also now holds 114,160 ETH longs across four wallets, despite unrealized losses.
A large crypto wallet, identified as whale 0x50b3, has taken a split position in Bitcoin and Ethereum. According to ChainCatcher, Lookonchain monitoring showed a 25x ETH short and a 20x BTC long. The trades total about $75.82 million, and traders now watch the liquidation levels closely.
Whale 0x50b3 Opens Large ETH Short
Whale 0x50b3 opened a 25x short position on 23,151 ETH, worth about $50.55 million. The reported liquidation price for the ETH trade stands at $2,288.33. A liquidation happens when an exchange closes a leveraged trade.
This level matters because high leverage can force quick moves when prices change sharply. The ETH short places the whale against Ethereum’s near-term price direction. Traders often track such wallets because large orders can shape market sentiment.
ChainCatcher cited Lookonchain monitoring as the source for the trade data. The report described the activity as “a 25x leveraged short position” on ETH. The data leaves room for “possible hedging, not a confirmed directional bet.”
BTC Long Adds Second Side to Trade
The same whale opened a 20x long position on 323.72 BTC, valued at about $25.27 million. The BTC long carries a reported liquidation price of $70,325.36. This means a sharp Bitcoin drop could place the position under pressure.
The BTC trade creates a split view between the two largest crypto assets. The wallet appears to favor Bitcoin strength while taking pressure against Ethereum. Still, leverage can change risk quickly when market prices move either way.
Traders are watching Bitcoin resistance and Ethereum support as the positions remain open. The setup gained attention because both trades use high leverage and large size. Yet blockchain data cannot confirm the trader’s full reason.
Ethereum Market Context Draws More Attention
The whale move comes as Ethereum faces mixed trading signals in the wider market. Related monitoring also pointed to a Matrixport-linked whale adding to ETH long positions. Across four wallets, that trader reportedly holds 114,160 ETH, worth about $248.65 million.
Those ETH longs carry around $10.3 million in unrealized losses, based on reported data. The whale had previously made $59 million, according to the monitoring cited in the report. This detail has kept attention on large Ethereum positions during the market drop.
Ethereum funds also faced pressure, as ETF outflows continued through the reported week. The largest daily outflow reached $130.62 million on Tuesday, May 12. For now, traders are watching whale 0x50b3, ETH support, and Bitcoin’s key liquidation zone.
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