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Benzinga
Benzinga
Business
Khyathi Dalal

Whale Who Netted $1.23 Million From Ethereum Long Now Flips Bearish With High-Leverage Bitcoin Short

Bitcoin Ethereum Crypto BTC Ted Pillows
Ethereum Coin

A well-known crypto whale who recently scored big on an Ethereum (CRYPTO: ETH) long trade is now betting against Bitcoin (CRYPTO: BTC) — but not everyone agrees with the bearish shift.

What Happened: According to Onchain Lens, the trader known as "ETH 50x Guy" exited a $101 million Ethereum long with 25x leverage, locking in $1.27 million in profit.

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