😮 Whale Returns With $84M Ethereum Short — Betting Against the Breakout

After months of silence, the trader known as “AguilaTrades” has reappeared with an aggressive $84 million short position on $ETH . This comes at a time when ETH has just smashed through $4,200 — a level not seen since late 2021 — and market momentum is heavily bullish.

The size of this bet isn’t just about profit potential, it’s about market influence. A position this big can shift sentiment fast, especially when it runs against the dominant trend. If $ETH keeps climbing, this short could get squeezed hard, forcing rapid buybacks and adding fuel to the rally. But if the whale is right, we could see a sharp reversal that catches overconfident bulls off guard.

With Ethereum in a breakout phase and volatility heating up, this is shaping into one of the most closely watched trades of the month.