Ethereum Whale Nets $16.8M Shorting ETH as Price Drops
An Ethereum whale secured a $16.8 million profit by shorting ETH ahead of a sharp price correction. Leveraging a 50x short position, the whale capitalized on Ethereum’s 5% price drop during a broader crypto market sell-off. ETH briefly plummeted to $3,050, triggering over $81 million in long liquidations. The market