Veteran Ethereum Whale Opens $19.7M Short Position After Successfully Predicting October 2025 Crash
A prominent Ethereum whale, who gained recognition by accurately shorting the October 2025 ETH crash, has once again made a bold move in the derivatives market — opening a new short position worth $19.7 million on Ether.
According to on-chain data, this well-known market participant has placed a significant bet against Ethereum's price, signaling a bearish outlook for the second-largest cryptocurrency by market capitalization. The same whale previously demonstrated exceptional market timing by profiting from the October 2025 downturn, which adds considerable weight to their latest position.
Current technical analysis of Ethereum's price chart suggests a potential decline toward the $1,375 level. If this target is reached, the whale stands to accumulate an unrealized profit of approximately $2.39 million from the current short trade alone.
Large-scale traders, commonly referred to as whales, often move markets through their sheer position sizes, and their trading behavior is closely monitored by analysts and retail investors alike. When a whale with a proven track record of accurate market calls opens a substantial short position, it tends to draw significant attention from the broader crypto community.
The $19.7 million short represents a high-conviction trade, especially given the current macroeconomic uncertainty surrounding digital assets. Ethereum has been under pressure in recent months due to a combination of declining network activity, competitive layer-1 blockchains, and broader risk-off sentiment across financial markets.
From a technical standpoint, Ethereum's price structure appears fragile. Bears have maintained control over key resistance zones, and the lack of strong buying momentum has left the asset vulnerable to further downside. A breakdown below critical support levels could accelerate a move toward the $1,375 target cited by analysts.
Traders and investors are now watching closely to see whether ETH will follow the trajectory suggested by both the whale's positioning and the underlying technical indicators. If the $1,375 target materializes, it would represent a notable decline from current price levels and could further dampen sentiment across the broader altcoin market.
As always, leveraged short positions carry significant risk, and market conditions can shift rapidly. However, the whale's history of accurately predicting major Ethereum price moves makes this particular trade one that the crypto community will be tracking very closely in the days and weeks ahead.
