ETH Bear Whale Rakes in $6M in a Day, Total Profit Surpasses $80M!

ETH Bear Whale Continues Short Squeeze, Profits Hit New Highs

On-chain analytics show that the well-known ETH short whale (address 0x20c) has achieved floating profits exceeding $11 million, with a return on investment (ROI) of 345%. Over the past 24 hours, the whale made roughly $6.3 million in profit, bringing total realized gains past $80 million, while maintaining maximum drawdowns under 20%.

High Leverage ETH Short Position at $84M

Currently holding a $84 million ETH short position with 25x leverage, the whale's average entry price is $3,117, with a liquidation price at $3,674. The position is currently up around $11.5 million. Additionally, the whale has accumulated approximately $6.9 million in profit via funding rate mechanisms.

Skilled Trader Bags Nearly $50M in Withdrawals

Known for active trading on-chain, the whale frequently adjusts positions using intraday trading strategies. Out of the total $80 million in ETH short profits, nearly $50 million has already been withdrawn, showcasing strong risk management and profit-taking discipline.