Crypto Whale’s Bold Strategy: Sell ETH, Open $67 Million Leverage Position

A prominent crypto whale operating under the wallet address 0x0fec recently made a bold move that has sparked discussions within the market. They first sold 1,001 ETH worth roughly $4.55 million before quickly opening a leveraged long position on 15,023 ETH – a strategy valued at over $67.8 million. This seemingly contradictory action has raised questions about the whale’s motivations and market outlook.