#eth
An investor makes millions betting on the fall of Ethereum
According to data from the Lookonchain platform, a "whale" (as large investors are known) with the address 0xCB92, made a profit of $3.7 million in just three days.
How did he do it? He opened a short position on Ethereum (betting that the price would drop) with a leverage of 20x. Apparently, the strategy worked perfectly.
