Whale Bets Big on Ethereum Decline: $128 Million Short Position Sparks Market Discussion

A massive short position on Ethereum has caught the attention of cryptocurrency traders and analysts. Known as AguilaTrades, this notable whale trader placed a bet worth $128 million against the future price of ETH, potentially signaling their bearish outlook on the coin’s trajectory. This high-stakes play on Hyperliquid, a decentralized exchange known for its leverage options, highlights the volatile nature of cryptocurrency markets and the influence whales can have.