Current market condition is 😡SHORT=PROFIT🤑.
While most of the market was busy bleeding, one wallet was doing the opposite .. calmly, almost disrespectfully so.
This trader has been leaning short on $ETH since 2024, through rallies, fake recoveries, and all the noise in between. Same habit every time: max leverage, first 50x, now 25x.
Right now, the numbers are wild. The current #ETH short sits at roughly 30,582 ETH, valued around $86 to 89M depending on the tick. Entry was near $3,116, with ETH now trading closer to $2,819. Liquidation is way up at $3,864, far enough ( we guess ).
Unrealized PnL alone is already north of $9.1M, ROE sitting at an absurd +264%. Add funding .. more than $6.9M collected, and the picture gets even uglier for anyone on the other side. All-in, total profits have climbed past $91M, built slowly, trade by trade, not in one lucky swing.
The exposure tells you everything about the mindset. 100% short, no long at all. About $86.2M in perp value, margin usage under 10%.
Address:0x20c2d95a3dfdca9e9ad12794d5fa6fad99da44f5
Share your thoughts about this whale in comments.
{future}(ETHUSDT)
{spot}(ETHUSDT)