0x50b3: ETH Short Losses Exceed $5.5M, Erase Profits

Trader 0x50b3 now sits underwater by more than $5.5M on an ETH short paired with a BTC long after a month of 100 trades that delivered a 90% win rate and $4.96M in realized gains.

Price action on the 4h chart shows ETH at $1618.72 holding above the EMA50 support at $1608.89 with MACD still printing a golden cross, while the upper Bollinger Band at $1629.81 acts as immediate resistance; this confluence keeps the short under pressure and highlights the risks of fighting the prevailing bullish structure in the current cycle.