A high-conviction Ethereum whale has generated approximately $13.88 million in unrealized profits through a significant short position targeting the cryptocurrency.
The trade involved 50,000 ETH tokens initiated at an entry price of $2,725 per ETH, employing 10x leverage with a liquidation threshold set at $2,829. This position currently maintains a 100% win rate for the trader.
The substantial floating profit highlights the whale’s successful market positioning and risk management strategy amid ongoing volatility, with the leveraged bet remaining active and unrealized gains subject to price fluctuations.