Ethereum Whale Achieves Nearly 10x Profit with $21.56M Floating Gain on 40,000 ETH Short Position

On-chain data from Yuanjin Monitoring reveals a significant profit surge for the “Three Bouts ETH 100% Win Rate Whale,” who currently holds a 40,000 ETH short position with unrealized gains of approximately $21.56 million. This investor’s capital expanded from $3.2 million to $30.05 million within a month, reflecting nearly a tenfold return through strategic trading on Ethereum.

The whale executed four key trades: initiating a long position on May 22 and closing it the next day for a $1.11 million gain; reopening a long on May 26 and exiting on June 5 with $1.62 million profit; then shifting to a short position on June 5, which was closed on June 6 for $2.45 million; and finally establishing the current short position on June 11, which remains open with substantial floating profits.

This series of well-timed trades underscores the importance of active portfolio management and highlights how large-scale market participants leverage both long and short positions to capitalize on Ethereum’s price volatility in the current crypto market landscape.