The Trader Who Made $1.2M in Hours Has Flipped Bearish Again.
Address 0xa2e8 has started building a sizeable
$ETH short position, opening the trade in batches beginning late last night.
The position has now grown to 23,205.35 ETH, worth approximately $39.03 million, with an average entry price of $1,680.80.
Current position👇
Short 23,205.35 ETH, Position Value: ~$39.03M, Average Entry: $1,680.80, Current Unrealized PnL: $14K
The same wallet we've been tracking for its rapid-fire trading.
Not long ago, it pulled off a string of successful
#ETH trades, including a quick $1.2M win and another profitable short shortly after.
Now it's back in the market again, but this time with a much larger bearish bet. And honestly, opening a $39 million short while a lot of traders are turning optimistic takes some conviction.
With 20x leverage involved, that can change very quickly.
One thing is certain: This trader clearly isn't interested in sitting on the sidelines.
Address: 0xa2e81e888f4a757bbad012ea9b193e7ab93f1468