Prominent trader James Wynn has significantly expanded his short position on Ethereum (ETH), bringing its total value to approximately $19.72 million.
This substantial increase represents a clear and growing bearish sentiment on the near-term price trajectory of the world’s second-largest cryptocurrency.
Wynn’s outsized bet could potentially influence ETH’s price dynamics in the short term as market participants monitor positions held by large investors for directional signals.
The move highlights ongoing speculative interest and perceived risks surrounding ETH price action among institutional and professional traders.