ETH Whale Scores $12.47M Floating Profit with 50,000 ETH Short Position at 10x Leverage

As of July 1st, data from HyperInsight reveals that the notable “ETH 100% Win Rate Whale” holds a substantial floating profit of $12.47 million from a strategic short position involving 50,000 ETH. This position, leveraged at 10x, was initiated at an entry price of $2,725 per ETH, with a liquidation threshold set at $2,829. Despite the significant unrealized gains, the whale has yet to close the position, indicating confidence in the ongoing bearish momentum. This sizable short position underscores the cautious sentiment among large investors amid current market volatility, highlighting the importance of monitoring whale activity for potential market impact. Such movements are critical for traders and analysts aiming to gauge institutional sentiment and anticipate price fluctuations in the Ethereum market.