Ethereum: An Investor Commits $100M to a Short Position

Ethereum is going through another turbulent zone. A crypto whale just opened a short position of nearly 100 million dollars on ETH via Hyperliquid. The bet strikes the market while Vitalik Buterin promises to reduce ETH sales from the Ethereum Foundation. Above all, this massive move immediately reignites speculation about a new bearish wave.

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

On May 25, 2026, a wallet identified under address 0x50b3 opened a short position on 47,604 ETH via the DEX platform Hyperliquid with 23x leverage for a notional exposure of 100.33 million dollars.

The entry price is around $2,109. The automatic liquidation would 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 Ethereum crosses the liquidation threshold, 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 the ETH price to 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 will sell less ETH as 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, this massive short fits 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! Spot Ethereum ETFs 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 This amounts to over $945 million withdrawn since the beginning of the year.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…