⚠️ 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?