Veteran Trader Bets Against Ethereum with High-Risk Short Position

A veteran swing trader has initiated a risky short position on Ethereum (ETH), betting against its continued upward trajectory. Leveraging 15x, they have positioned $128.45 million worth of ETH at a liquidity price of $4,383.66. This move signals potential concerns about an upcoming ETH price dip. Whether this trade will yield losses or profits remains to be seen, but it has sparked debate in the crypto community.