Smart trader 0xcB92 is playing it bold — but not bullish on ETH.

At one point, his $ETH short position was up over $26 million in unrealized profit. But instead of taking gains, he went even harder — doubling down with an additional 10,000 ETH.

Now, he’s sitting on a massive 50,000 #ETH short (worth $122 million), but his profits have slipped to $13.9 million as the market rebounds.

📍 Wallet: 0xcB92C5988b1D4f145a7B481690051F03EaD23a13

Conviction? Definitely.

Risky? No doubt.

If $ETH turns bullish — this could get brutal. But if it drops again? He’ll be the one laughing.