ETH Whale: Closes $49.59M BTC Short With $114K Loss

ETH whale address 0xedcdcaa1f18350c50c10bef860e64daa9785d05a closed its 4x BTC short worth $49.59 million after under 7 hours, booking an $114,000 loss and bringing cumulative BTC short losses to $547,000 across three attempts.

The trader maintains the 20,000 ETH long position now showing $10.71 million in floating profit following the bitcoin:native short exit.

Price action on the 4h chart shows ETH at $2474.49 inside the Bollinger band with upper resistance at $2515.83 and lower support at $2454.76; the 50-EMA at $2466.73 acts as immediate support while the 200-EMA at $2271.63 anchors the broader bullish structure, and neutral RSI at 48.56 paired with the MACD death cross at 3.45 signals a probable healthy retracement to the 50-EMA before continuation.