
Ethereum (CRYPTO: ETH) is up over 4% on the day, with the surge from $2,500 to $2,800 liquidating a hitherto profitable whale trader’s massive ETH short position.
What Happened: According to Lookonchain, smart money wallet 0xCB92, known for a stellar Ethereum trading history and raking in more than $20 million in recent weeks, shorted 50,000 ETH, eventually adding another 10,000 ETH on June 25.