Whale: Opens $100M ETH Short at 23x Leverage

Whale opened a 47,604 ETH short at 23x leverage valued at $100M with liquidation at $2,149.84.

Price action shows ETH at $2,114.37 inside Bollinger Bands with upper resistance at $2,157.86. The bearish structure holds as price sits below EMA50 at $2,130.86 and EMA200 at $2,219.74 while MACD prints a bullish golden cross at -3.87 and RSI remains neutral at 51.78. A test of upper band resistance near $2,157.86 could trigger quick liquidation flow before any retracement toward the 50-EMA support zone.

Traders tracking ETH price prediction models now watch this oversized leveraged bet for signs of broader crypto market crash pressure amid ongoing leverage unwinds.