A major Ethereum trader has generated approximately $9.56 million in unrealized gains through a leveraged short position of 50,000 ETH. The whale maintains an unclosed 10x leveraged position initiated at $2,725 per ETH, with liquidation risks emerging if prices reach $2,833.
The trader demonstrates remarkable consistency with a perfect track record across three significant Ethereum short trades. Earlier performance included realizing over $20 million in floating profits from a 40,000 ETH short position initiated when Ethereum traded near $2,200.
This ongoing trade underscores high-level risk management proficiency within cryptocurrency markets, reflecting strategic positioning against volatile price movements. The whale’s methodology highlights sophisticated capital deployment tactics amid Ethereum’s price fluctuations.