Ethereum is going through a new zone of turbulence. A crypto whale just opened a nearly $100 million short position in ETH via Hyperliquid. The bet hits the market as Vitalik Buterin promises to reduce ETH sales from the Ethereum Foundation. Above all, this massive movement immediately revives speculation around a new bearish wave.
In brief
- An anonymous whale opened a short position of $100.72 million on Ethereum via the Hyperliquid platform.
- The deal uses massive 23x leverage with an ultra-tight liquidation price set at $2,149.84.
- This bearish movement defies Vitalik Buterin's statements.
A short of 100 million on ETH, with almost zero margin of error
On May 25, 2026, a wallet identified under the address 0x50b3 opened a short position on 47,604 ETH via the DEX Hyperliquid platform with 23x leverage for a notional exposure of $100.33 million.
The price of entry is around $2,109. There automatic liquidation would trigger if Ethereum hits $2,149.84. This represents an increase of just $41, or less than 2% above the entry point.
At the time of the article's publication, the position showed an unrealized loss close to $994,000. The reason is that the crypto trader also incurred around $2,145 in funding fees. But one detail changes everything: if Ethereum crosses liquidation thresholdthe 47,604 ETH will be automatically rejected on the market in a single event.
According to aggregate liquidation data, the fateful breakout point for this trader is precisely at $2,149.84. The major technical zone of $2,150 to $2,170, identified as strong resistance by CoinGlassacts as a real front line.
If Ethereum crosses this level, the shorts will be instantly liquidated. Which would cause a gigantic “short squeeze” capable of propelling the ETH price to new heights.
Buterin promises to sell less, but the Ethereum whale doesn't listen
At the same time, Vitalik Buterin published a long message on X to defend the direction of the Ethereum Foundation (EF). He announced that the Foundation would sell less ETH as part of a longevity strategy aimed at:
- reduce expenses;
- strengthen the organization's mission.
A promise that obviously didn’t convince everyone! According to crypto experts, this massive shorts is part of a broader trend of institutional disengagement.
Harvard Management Company reportedly liquidated its $87 million position in an Ethereum ETF after just one quarter. Goldman Sachs has reduced its exposure to ETH ETFs by around 70%.
That's not all! THE Spot Ethereum ETF are recording over $295 million in net outflows as of May 2026. This represents a total of over 945 million withdrawals since the start of the year.
One thing is certain: Ethereum is entering a decisive phase. The next few days could now set the crypto market trend for the start of summer. File to follow closely…
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
