Whale closes position with over 3,700 ETH, earning 760,000 yuan, then turns around to short the Nasdaq Index with 20x leverage

ZkSnarker · 2026-01-20T09:42:10+00:00

On the afternoon of January 20th, a trader successfully closed a short position of 3,718.75 ETH, earning a profit of $760,000. Subsequently, they turned to short XYZ100, using 20x leverage, indicating their bearish sentiment towards the market.

ZkSnarker

2026-01-20 09:42:10

Abstract generation in progress

【Blockchain Rhythm】On the afternoon of January 20, on-chain monitoring data showed that a trader completed a impressive operation at 16:51 — closing a 4-day position of 3718.75 ETH short positions, which directly earned a profit of $760,000. It seems the short position was correctly predicted.

However, this guy didn’t stop there. He has now switched to short XYZ100, using 20x leverage, with an average entry price of $25,584. The XYZ100 instrument is quite interesting — it essentially tracks the performance of the Nasdaq 100 Index(Nasdaq 100), and can be seen as an on-chain version of tech stock index futures. Users can trade the ups and downs of the US tech stock index 24/7, and leverage trading is also supported.

From profiting on short positions to continuing to short the tech index, it seems this trader is quite confident in the current bearish market sentiment.

ETH-7%

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New_Ser_Ngmi

· 9h ago

This guy really didn't take the profit and just went all in short on the NASDAQ, playing with 20x leverage quite aggressively. I can't understand this move at all.

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ZkProofPudding

· 9h ago

$760,000 in four days? This guy really knows how to buy the dip, shorting the Nasdaq with 20x leverage... He's got quite the guts.

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BearMarketSurvivor

· 9h ago

$760,000 earned in 4 days, then went short with 20x leverage... This guy really put his faith into his position. But I'm a bit worried; greed is often a sign that the supply line has been cut.

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MetaverseHobo

· 9h ago

760,000 USD per trade. This guy is really not joking... Using 20x leverage to keep going, either overflowing with profits or getting liquidated, can't hold on anymore.

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