🐋 Whale shorts Ethereum for $122M — should we be worried?
While ETH still holds above $2,400, one well-known whale has opened a massive short position — already sitting on $15M in unrealized profit and not backing down.
🔻 What this could mean:
— Futures data shows growing short interest
— Funding rates have flipped negative
— Charts suggest weakness near $2,650
If ETH falls below $2,200, we could see a sharp drop. But holding above $2,400 might open the door for a rebound.
