$50 Million Ethereum Short Rocks The Market: How Will ETH Price React?
BeInCrypto
A whale has opened a $50 million leveraged short on Ethereum, highlighting a broader market split between institutional panic-selling and opportunistic dip buying.Summary
A prominent whale wallet has initiated a $50.55 million leveraged short position on Ethereum, paired with a Bitcoin long, signaling a bet that Ethereum will continue to underperform. While some large holders, including a Matrixport-linked entity and an early Ethereum investor, are increasing their long positions during the current market weakness, significant selling pressure persists. Specifically, wallets associated with World Liberty Financial and Gammafund have offloaded millions in ETH, putting the $2,200 price floor to the test as market participants weigh institutional liquidation against long-term accumulation.
(Source：BeInCrypto)