Massive Whale Profits $15 MillionNow Betting Big On Ethereum To Crash

A crypto whale, identified as wallet 0x2258, has opened a $62.42 million short position against Ethereum, using 18x leverage. This means the whale is betting that the price of Ethereum will decrease. The whale shorted 20,474 ETH at a price of $3,060 per ETH. With Ethereum currently trading below $3,000, the whale has an unrealized profit of approximately $1.14 million. The position will be liquidated if Ethereum reaches $3,505. This whale has previously profited significantly, over $15 million, by trading against the positions of crypto influencer James Wynn. The current short position reflects a belief that Ethereum will struggle to surpass the $3,500 resistance level, although high leverage positions can be risky.