This ETH Bear Keeps Cashing In 😅 Remember the whale that's been borrowing ETH from Aave and dumping it on Binance to bet against the market? Well... he just took profits again.
A few hours ago, the trader bought back and repaid another 4,386 $ETH , locking in roughly $233,000 in profit on that batch alone.
And this isn't the first time.
Since yesterday, the whale has already closed out 11,386 ETH worth of shorts, realizing a combined profit of approximately $423,000.
Not bad for a trade that had plenty of people questioning it when he first started borrowing tens of thousands of #ETH .
The wallet continues to hold a sizable bearish position, currently using around 99.75 million USDT as collateral while borrowing 23,618.97 ETH to short the market. The average sell price across the remaining position sits near $1,672. So even after banking more than $400K in realized gains, he's still keeping a large chunk of the trade open. That's usually a sign the trader believes the move isn't over yet.
Take some profits. Reduce a bit of risk. Keep the core position running. So far, that playbook has worked pretty well for him.
Address: 0x1be45feF92C4E2538fEcd150757Ed62b7B3757D7
