Binance Square

smartwhale

71,206 views
6 Discussing
Crypto PM
--
--
Bearish
See original
⚠️ DANGEROUS: The Whale is shorting 12159159270 again! ⚠️ After nearly a month of "waiting quietly", an address that was previously known as #smartwhale specializing in #short ETH has started to operate again – and still maintains its familiar strategy: shorting ETH. 🕒 11 hours ago, this whale borrowed 4,019 ETH (~6,297,000 USD) at a price of $1,566, then transferred directly to #coinbase to execute the short sell order. The activity history shows that this whale appeared on 27/02/2025, when ETH was still around $2,300. Its strategy is: 🔹 Collateral 07316499772 🔹 Borrow ETH 🔹 Push ETH to the exchange → Short sell => Essentially shorting the ETH/BTC pair Currently, the Whale is collateralizing 150m USD in BTC and borrowing 84m USD in ETH to short, a staggering figure 💭 With the current recovery pace, does the whale's continued choice to short imply a long-term bearish outlook for ETH? 🧠 Let’s discuss: What is this smart whale seeing that the market hasn't?
⚠️ DANGEROUS: The Whale is shorting 12159159270 again! ⚠️

After nearly a month of "waiting quietly", an address that was previously known as #smartwhale specializing in #short ETH has started to operate again – and still maintains its familiar strategy: shorting ETH.

🕒 11 hours ago, this whale borrowed 4,019 ETH (~6,297,000 USD) at a price of $1,566, then transferred directly to #coinbase to execute the short sell order.

The activity history shows that this whale appeared on 27/02/2025, when ETH was still around $2,300. Its strategy is:
🔹 Collateral 07316499772

🔹 Borrow ETH

🔹 Push ETH to the exchange → Short sell

=> Essentially shorting the ETH/BTC pair

Currently, the Whale is collateralizing 150m USD in BTC and borrowing 84m USD in ETH to short, a staggering figure

💭 With the current recovery pace, does the whale's continued choice to short imply a long-term bearish outlook for ETH?

🧠 Let’s discuss: What is this smart whale seeing that the market hasn't?
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number