Three Whales Betting on ETH Decline Score Over $8 Million in Unrealized Profit

Whales Ride ETH Volatility to Big Gains

While the market remained range-bound, three crypto whales betting against ETH saw massive gains. Using high-leverage short positions, they secured unrealized profits exceeding $8 million each during Ethereum's recent price fluctuations.

Detailed Position Breakdown

• Wallet「0xed4」: Short ETH position with 25x leverage, unrealized profit reached $8.8 million.
• Wallet「0x0b0」: Short ETH position with 20x leverage, unrealized profit at $8.4 million.
• Wallet「0x20c」: Short ETH position with 25x leverage, unrealized profit also at $8.4 million.

This strategic move highlights how experienced market participants can capitalize on market swings through precise timing and leverage tools.