$50 Million Ethereum Short Rocks The Market: How Will ETH Price React?

Whale pockets 0x50b3 opened a 25x leveraged quick value $50.55 million on ether (ETH), per Lookonchain information. The identical pockets positioned a 20x lengthy value $25.27 million on Bitcoin (BTC), splitting whale conviction throughout the highest two cryptos.

The place arrived as Ethereum traded close to $2,193. Liquidation strain sits at $2,288 for the quick leg and $70,325 for the BTC lengthy.

$50 Million Short Anchors a Two-Sided Bet

The dealer staked 23,151 ETH on the quick aspect and 323.72 BTC on the lengthy. The uneven setup income if Bitcoin holds whereas Ether drops.

Whale 0x50b3 is shorting $ETH and going lengthy on $BTC!

He opened a 25x quick on 23,151 $ETH($50.55M) and a 20x lengthy on 323.72 $BTC($25.27M).

Liquidation costs:$ETH: $2,288.33$BTC: $70,325.36https://t.co/jrBwzrcRrP pic.twitter.com/E6Hxl9d8xp

— Lookonchain (@lookonchain) May 17, 2026

BTC currently trades near $78,400, leaving about $8,000 of headroom earlier than the long-side liquidation stage.

ETH sits lower than 5% above the short-side liquidation, suggesting the dealer expects additional weak spot or a fast squeeze.

The uncommon pairing implies a relative-value wager on continued ETH underperformance in opposition to BTC.

Ether Whales Split on Direction

Elsewhere, a Matrixport-linked whale who beforehand cleared $59 million in profit prolonged ether longs to 114,160 ETH value $248.65 million.

Despite the market drop, this #Matrixport-linked whale, who beforehand made $59M, remains to be including extra to his $ETH longs.

Across 4 wallets, he now holds 114,160 $ETH($248.65M) in lengthy positions, with $10.3M in unrealized losses.https://t.co/tQAY30KaFFhttps://t.co/Dv7MQ5Qssr… pic.twitter.com/GjCvdZYXBP

— Lookonchain (@lookonchain) May 16, 2026

The place spans 4 wallets and carries $10.3 million in unrealized losses. The dealer has added conviction on the lengthy aspect at the same time as worth motion weakens.

In the identical manner, an Ethereum OG with an 803x historic return on the asset additionally returned to build up. The pockets obtained 11,005 ETH from ShapeShift 10 years in the past at $3.46 every.

It bought the complete lot over a 12 months in the past at $2,777, banking $30.56 million in proceeds. So far, the pockets has spent $4.26 million USDC to amass 1,951 ETH at $2,182.

As the market drops, an #EthereumOG who made $30.5M(803x return) is shopping for the dip on $ETH!

10 years in the past, this OG obtained 11,005 $ETH from ShapeShift at simply $3.46 every.

Over a 12 months in the past, he bought them for 30.56M $USDC at $2,777, making $30.5M in revenue – an 803x return.

Today,… pic.twitter.com/4N2o9qNpvd

— Lookonchain (@lookonchain) May 16, 2026

Panic Selling Pressure Mounts

However, promoting strain tells a distinct story. A pockets linked to Trump-affiliated World Liberty Financial bought 4,870 ETH for $10.61 million in USD Coin (USDC) at $2,178. The sale closed roughly eight hours earlier than the broader market reset.

Two addresses probably linked to Gammafund deposited 10,976 ETH value $23.9 million into Binance over a single hour. The movement sample echoes earlier de-risking by institutional holders.

“Whales/establishments are panic-selling $ETH! Two wallets, probably each linked to @Gammafund, deposited 10,976 $ETH ($23.9M) into Binance over the previous hour,” Lookonchain reported, flagging the deposits as a probable exit.

The leveraged quick proving prescient or untimely now is determined by dip patrons. The Matrixport dealer and the returning OG should take in that provide for ether to defend the $2,200 flooring.

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