Crypto Whale Bets Big on Ethereum’s Decline with High-Risk Short Strategy

A significant crypto whale has taken a bearish stance on Ethereum by selling over $3.27 million worth of ETH at $1,591 per coin. This follows their aggressive move of opening a 10x leveraged short position on the cryptocurrency, signaling a strong belief that its price will continue to fall. This bold action, made with high-risk leverage, suggests a major player expects Ethereum’s value to drop. The impact of this move could be far-reaching.