The Ethereum (ETH) market is witnessing a thrilling battle among whales. Currently, the holdings of the top three large accounts on the Hyper trading platform are particularly noteworthy.

The top-ranked trader holds 73,800 ETH in short positions, worth approximately $330 million at current market prices. This trader, known as the "anti-single big shot," opened the position at a price of $2,957 and is currently facing a floating loss of about $110 million. If the ETH price rises to $6,103, it will trigger their liquidation line.

Following closely is the second largest holder known as the "Rolling Warehouse God." He holds a long position of 44,900 ETH, worth approximately $200 million, with an opening price of $4,067. The liquidation price for this bullish trader is $4,202, which is relatively safe.

The third largest holder also chose to short, holding a short position of 41,500 ETH, valued at approximately $180 million. The opening price was $4,060, and the liquidation price was $5,675.

The trading movements of these three whales will undoubtedly have a significant impact on the ETH market. Their positions not only reflect their respective judgments on the market but also provide a reference for other traders. However, such large positions also imply considerable risk, especially in the context of the highly volatile cryptocurrency market.

Market participants are closely watching this competition between major players, as its outcome could significantly impact the short-term price movement of ETH. Whether the bulls or bears ultimately prevail, this contest will become a classic case in the history of cryptocurrency trading.

For ordinary investors, this high-leverage trading strategy carries extremely high risks and should not be imitated. When making investment decisions, one should adopt a more prudent strategy based on their own risk tolerance.