Whale closes $100M longs for $17.78M profit, opens 20,000 ETH short
- —Closing $100M in longs netted the whale $17.78M in profit
- —The new short covers 20,000 ETH at $2,228, a $44.6M position
- —Longs were held almost four months: 1,000 BTC at $62,353 and 10,000 ETH at $1,762
Why it matters: A major trader flipping short after the Binance hack signals growing bearish conviction among ETH holders.
Source: PANews