Ethereum Whale Increases Short Position to 50,000 ETH Amid Market Rebound

According to data from EmberCN, a prominent Ethereum whale known for a flawless short-selling record has expanded its short position by acquiring an additional 10,000 ETH at approximately $2,452. This strategic move increases the total short exposure to 50,000 ETH, valued at around $122 million. The trader initially established a 40,000 ETH short on June 11th, which yielded an unrealized gain exceeding $20 million as Ethereum’s price declined to near $2,200. Despite this substantial profit, the position was maintained without liquidation. Currently, the short position is leveraged 10x, with an average entry price of $2,725 and a liquidation threshold set at $2,828. The unrealized profit stands at approximately $13.71 million, reflecting ongoing bearish sentiment among large-scale investors in the Ethereum market.