Negative. High profit in leveraged short ETH indicates selling pressure and market fragility, increasing the risk of volatility and chain liquidations in the short term.

Blockchain sleuth EmberCN posted on X that a whale who placed a high-leverage short on Ethereum (ETH) last Friday has seen significant gains. Following a flash crash in the crypto market between 7-8 AM UTC+8 today, the whale's short position is currently showing a profit of $1.7 million. Just half an hour ago, the whale increased their short position, now holding 30,639 ETH valued at $98.51 million, with an average entry price of $3,271 and a liquidation price of $3,296.