Notorious ETH Whale Reopens $19.7M Short Position After Nailing October 2025 Crash
A whale known for shorting the October 2025 Ethereum crash has opened a new $19.7M ETH short position, with technical indicators pointing toward a potential drop to $1,375.
A well-known Ethereum whale who successfully shorted the October 2025 market crash has once again made a bold bearish move, opening a new short position worth $19.7 million on ETH. The move has caught the attention of on-chain analysts and crypto traders worldwide, reigniting debates about Ethereum's near-term price trajectory.
According to blockchain data, this is not the whale's first rodeo. The same wallet previously executed a highly profitable short trade during the October 2025 Ethereum selloff, establishing a reputation for well-timed and sizeable bearish bets. Now, with a fresh $19.7 million short position on the table, market participants are watching closely to see whether history will repeat itself.
From a technical analysis standpoint, Ethereum's current chart structure supports the bearish thesis. Several indicators suggest that ETH may be heading toward the $1,375 price level — a target that would represent a significant decline from current levels. Should the price reach that point, the whale's unrealized profit could balloon to an estimated $2.39 million, making this one of the more lucrative short setups seen in recent weeks.
The timing of the trade raises important questions about overall market sentiment toward Ethereum. While some investors remain optimistic about ETH's long-term fundamentals — citing upcoming network upgrades, growing DeFi activity, and expanding institutional interest — short-term price action continues to reflect uncertainty and caution among larger players.
Whale activity has long been considered a leading indicator of market direction in the crypto space. When wallets with significant holdings take aggressive positions, retail traders often take notice. This particular whale's track record adds extra weight to the current short bet, as the October 2025 move was seen as a prescient call that many missed.
It remains to be seen whether Ethereum will indeed slide toward the $1,375 target or find support and reverse the trend. However, with a $19.7 million short position now open, all eyes will be on ETH price action in the coming days and weeks. If the bear case plays out, this whale may once again walk away with a substantial gain — and another entry in an already impressive trading record.
Cryptobo will continue to monitor on-chain data and provide updates as the situation develops.