Smart Money Investor Increases Ethereum$ETH Short Position
According to Foresight News, on-chain data from Lookonchain reveals that a savvy investor—widely recognized for accurately anticipating market movements—has significantly increased their short position on Ethereum ($ETH ). The wallet, beginning with address 0xCB92, now holds a short position of 60,000 ETH, valued at approximately $213.5 million. This strategic move has already generated unrealized profits exceeding $4.25 million, signaling strong conviction in further downside potential for ETH in the near term.
