A prominent whale trader identified as ‘First Set 10 Big Targets’ initiated a substantial short position on Ethereum totaling 5,444.155 ETH, equivalent to $19.82 million. The position was opened at an entry price of $3,528.85 per ETH with $3.845 million allocated as trading margin.
This high-value strategic trade underscores sophisticated positioning within Ethereum’s market dynamics, reflecting heightened institutional activity in cryptocurrency derivatives. Large-scale moves by whale traders often signal shifting market sentiments among major investors.