ETH once again broke through the $3000 mark, and a large trader's arbitrage operation was also settled. This holder borrowed 5000 ETH when the ETH price was $3132 on December 5th to short and position. After a month of waiting, when the price fell back to around $3054, he decided to close the position.

Transferring 4830 ETH (about $14.75 million) from a major exchange to on-chain repayment, the final profit from this short operation was anchored at $390,000. It may not seem like an especially remarkable absolute gain, but considering it was based on a mere $78 price difference (from 3132 to 3054) and held for over a month, this patience and precise entry timing are indeed noteworthy.

The large trader's exit also reflects a current market signal: amid ETH's repeated testing of the $3000 support level and oscillations, some holders have chosen to take profits and exit. Such whale-level actions often indicate subtle shifts in market sentiment.