Ethereum Whale Turns Bearish as It Closes ETH/BTC Longs and Opens 2x Short on 20,000 ETH ($60.4M)

COINOTAG News, citing LookIntoChain monitoring, reports that whale 0x0ddf closed its ETH and BTC long positions on November 20, recording an estimated loss of about $6.2 million. The unwind marks a material repositioning by a major holder and adds a concrete data point to on-chain activity, illustrating how large traders manage risk in the leading crypto assets.

Subsequently, the same address shifted to a bearish stance, opening a 2x short position and accumulating roughly 20,000 ETH, with a reported market value near $60.4 million. The move underscores divergent whale sentiment and ongoing leverage dynamics within the crypto market, highlighting the value of on-chain signals for market participants.