$BTC

The best trader is short-selling for $89.6 million in Bitcoin as Ethereum dips towards $3,000.

Bitcoin analysis shows that a prominent trader opened a short position with 3x leverage on 1,000 Bitcoin, worth $89.6 million, after shifting from a long position to a short. Today's Ethereum price is under pressure, trading near the $3,000 level. The trader known as "pension-usdt.eth" is on a seven-trade winning streak, generating profits of $22 million. Ethereum has dropped by 2.3% in the last 24 hours and by 21% since December 2024. A $46 million purchase from Bitmine may support Ethereum's price, but negative sentiment could push prices down.