A cryptocurrency whale has reportedly amassed an unrealized profit exceeding $81 million by shorting Ethereum (ETH) with 50x leverage, according to on-chain analytics platform Lookonchain.

Key Details:

Trading Strategy: The whale initiated a highly leveraged short position on ETH, anticipating a price decline.

Market Movement: Following the announcement of new tariffs by President Donald Trump, the cryptocurrency market experienced a downturn, with ETH's price dropping significantly.

Profit Realization: The whale has begun closing portions of the short positions to secure profits, as reported by Lookonchain.

This event underscores the substantial impact that macroeconomic developments and strategic trading decisions can have on cryptocurrency markets.