Whale went all in shorting $16.6 million worth of $ETH and bucking the ETF flood.

ETHUSDT

Perp

3,085.88

-5.07%

Whale 0x8e09 aggressively increased its short position on decentralized exchanges, despite institutional capital inflows.

🔹 Betting on depositing 1.5 million USDC to increase its short position to $16.6 million, expecting the price to continue falling.

🔸 Huge profit from holding 14,640 $ETH , shorted from an entry price of $3,170, currently yielding a profit of $1.46 million.

🔹 This move is completely contrary to the massive accumulation trend of spot $ETH ETF.

Do you think this whale has foresight or will it be crushed by the ETF flow?

This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.