A whale on a certain platform made a massive $166 million profit through short selling, while ETH was targeted with 10x leverage.

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According to recent data from a decentralized derivatives platform, whale-level accounts hold a total position of $5.88 billion. Market sentiment appears to be notably bearish: long positions amount to $2.75 billion (46.77%), with unrealized losses of $64.19 million; short positions total $3.13 billion (53.23%), with unrealized gains reaching $166 million.

Notably, a whale address, 0x5b5d…60, used 10x leverage to fully short the market when ETH was priced at $3,527.78. This position has not yet realized profit and has already gained over $6.25 million. It seems this large holder is quite pessimistic about Ethereum’s short-term prospects.

ETH2.69%
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HodlVeteranvip
· 6h ago
The bear markets I have ridden through are more than the suckers you have eaten. Retail investors, please fasten your seat belts.
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ChainWallflowervip
· 6h ago
Let's go all in and buy reverse.
View OriginalReply0
AllTalkLongTradervip
· 6h ago
Play people for suckers, play people for suckers, play people for suckers, I'm going to be played for suckers by these whales again.
View OriginalReply0
PoetryOnChainvip
· 6h ago
bearish traders this is right on target.
View OriginalReply0
GasOptimizervip
· 6h ago
Are the suckers ready to drop to zero?
View OriginalReply0
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