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🚨 Whale Alert: $8.25M ETH Short Position Opened
Data from ChainCatcher reveals a major whale has just established a significant bearish position on Ethereum. 📉
🔍 The Trade Details:
* Position Size: $8.25 Million
* Average Entry: $2,035
* Current Status: Floating profit (with ETH trading ~$2,010)
💡 Market Context:
This move comes as ETH faces critical overhead resistance. While the whale is currently in the green, on-chain data suggests a push past $2,098 could trigger a massive $682M short squeeze. However, with ETH supply increasing by over 81,000 coins this month, the "Air Force" is clearly betting on a deeper correction.
Is this a savvy move before a dump, or are we looking at a massive bear trap? 🧐
🔔 Follow for more real-time whale movements and on-chain insights!
#Ethereum #ETH #CryptoWhale #ChainCatcher $ETH