Whale Doubles Down on ETH Shorting Strategy, Making $11 Million Profit

A large cryptocurrency investor has achieved substantial gains of $11.04 million by employing a short-selling strategy focused on Ethereum (ETH). The investor has significantly escalated their position using 25x leverage, now holding an estimated $28.75 million worth of ETH. Their current position carries a value of $3,032 with a defined liquidation price at $3,503. As of now, the position is experiencing a floating loss of $87,210.