It's broken, bro, this time he's in trouble.

Previously, a giant whale shorted 20,000 ETH at 3400, and then added to the short position at 3600. The health of the position has dropped sharply from 1.25 to 1.14, and liquidation will occur when it reaches 1.

I calculated that when ETH reaches 4200, the whale's position will be liquidated, and they will be forced to buy back a position of 100 million ETH to cover the short.

Some people ask, is 100 million a lot? Binance's total ETH spot trading volume is currently 600 million, most of which are offset trades, so the actual inflow of funds might just be 50 million, equivalent to an ETF. So, this 100 million liquidation turning into buy orders, is ETH about to take off?

This guy is adding to his short position when the position is at risk, and the liquidation line is precariously close, truly a strong bow at the end.

Now the main players need to step up, directly force him to liquidate, I believe that before it even reaches 4200, the whale will back down, after all, he doesn't want to be liquidated.

I estimate that if ETH rises a bit more, he will have to stop loss and cover the short position, buying back around 24,000 ETH. Now, with this last breath, everyone cannot back down, the whale hunting plan has just begun!