Ethereum Whale Bets $100M on a Crash: Short Position Sparks Fears of a 10% Correction

A massive $100 million short position on Ethereum has just been opened via Hyperliquid, sending a shockwave through the crypto market. The whale's bearish bet comes as Ethereum Foundation chief Vitalik Buterin vows to scale back ETH sales, yet this aggressive move is already fueling speculation of a 10% correction. Analysts warn that the sheer size of the position could trigger a cascade of liquidations, amplifying a potential downturn.

In Brief

• An anonymous whale opened a short position of $100.72M on Ethereum via the Hyperliquid platform.
• The operation uses a massive 23x leverage with an ultra-tight liquidation price set at $2,149.84.
• This bearish move challenges the statements of Vitalik Buterin.

A 100 Million Short on ETH, with an Almost Zero Margin of Error

On May 25, 2026, a wallet identified under address 0x50b3 opened avia the DEX platform Hyperliquid with 23x leverage for a notional exposure of 100.33 million dollars.

The entry price is around $2,109. Thewould trigger if Ethereum reaches $2,149.84. This represents an increase of only $41, less than 2% above the entry point.

At the time of publication, the position showed an unrealized loss close to $994,000. The reason is that the crypto trader also incurred about $2,145 in financing fees. But one detail changes everything: if, the 47,604 ETH will be automatically dumped on the market in a single event.

According to aggregated liquidation data, the fatal breaking point for this trader is precisely at $2,149.84. The major technical zone from $2,150 to $2,170, identified as strong resistance by CoinGlass, acts as a real frontline.

If Ethereum breaks this level, the short will be instantly liquidated. This would cause a gigantic “short squeeze” capable of propelling theto new highs.

Buterin Promises to Sell Less, but the Ethereum Whale Doesn’t Listen

At the same time, Vitalik Buterin published a long message on X defending the direction of the Ethereum Foundation (EF). He announced that the Foundation willas part of a longevity strategy aiming to:

• reduce expenses;
• tighten the organization’s mission.

A promise that apparently did not convince everyone! According to crypto experts, thisfits into 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, meanwhile, reduced its exposure to ETH ETFs by about 70%.

That’s not all!recorded more than $295 million in net outflows in May 2026. This amounts to over $945 million withdrawn since the beginning of the year.

One thing is for sure: Ethereum is entering a decisive phase. The coming days could now set the crypto market trend for the early summer. A file to watch closely…

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