Crypto Whale Places Massive Bet Against $ETH – Will It Pay Off?
The market has shown a welcome rebound, especially with $ETH bouncing back from its intraday low of $2,381.45 to surpass the $2,450 level. But not everyone is optimistic – a crypto whale just made a bold move by placing a $4.31 million short position on #ETH, hoping for a dip below $2,414. Right now, it looks like this whale’s bet isn't paying off, as prices remain above their target.
Is this whale in over their head, or could there be a hidden strategy in play? Only time will tell. Remember to DYOR (Do Your Own Research)!
Source: Coinglass
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