25-6-2025 – A celebrated Ethereum trader, famed for an unbroken chain of astute trades, has boldly amplified his bearish stance amid a recent price recovery. This morning, with Ethereum trading at $2,452 per coin, the investor committed an additional 10,000 ETH to his short position, swelling his total wager against the cryptocurrency to a formidable 50,000 ETH, valued at $122 million.
The trader’s journey into this high-stakes manoeuvre began on June 11, when he opened a short position of 40,000 ETH. His foresight was rewarded as Ethereum’s value slid to $2,200 in recent days, generating an unrealised profit exceeding $20 million. Yet, in a move that has captivated market watchers, he chose not to secure these gains but instead doubled down, expanding his exposure.
Operating with a 10x leverage, the trader’s current position holds an average entry price of $2,725 per ETH, with a liquidation threshold looming at $2,828 per ETH. At present, this audacious strategy yields an unrealised profit of $13.71 million, underscoring the trader’s unyielding confidence in Ethereum’s near-term decline.
