Ethereum whale opens $100M short as Vitalik Buterin vows to 'sell less ETH'
60-second summary
Ethereum whale opens a $100M short position, a massive bet against the cryptocurrency's price, as Vitalik Buterin signals reduced Ethereum holdings. ETH's rebound toward the whale's liquidation zone near $2,150 puts its short at risk of over $1 million in potential losses, highlighting the whale's vulnerability to market fluctuations and potential price spikes.
ETH’s rebound toward the whale’s liquidation zone near $2,150 puts its short at risk of over $1 million in potential losses.