Ethereum whale behind October 2025 short returns with $19.7M bet

A previously active Ethereum whale reopened a large short position after eight months of silence, taking a 20x-leveraged ETH short worth $19.72 million as Ether hovered near the $1,500 support zone following an 18.25% drop over the past two weeks. Hyperbot data shows the position was opened at an average price of about $1,565, and the trader had roughly $106,500 in unrealized profits as ETH traded near $1,550.

The broader selloff tracked a tech-led risk decline that hit Nasdaq and chip stocks, while scrutiny of the Ethereum Foundation—after budget cuts, staff reductions and a wave of senior departures—further weakened sentiment. Ether’s bear-flag breakdown points to a possible fall toward $1,375; if that occurs, the whale’s unrealized profit would rise to roughly $2.39 million before fees and funding, based on the $1,565 entry.

The wallet '0xf83f...6728' was last active on Oct. 27, 2025, when it opened a short near $4,172 and later closed near $4,133, booking $41,693 in net profit after $5,263 in exchange fees.

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