According to @lookonchain, smart trader 0xCB92 has expanded their ETH short position to 60,000 ETH, valued at $213.5 million, and currently holds over $4.25 million in unrealized profit. This significant move signals increasing bearish sentiment among large traders and may impact Ethereum (ETH) price volatility, with potential ripple effects across the broader crypto market. Traders should closely monitor ETH price support and resistance levels as large positions like this can trigger rapid market moves. Source: @lookonchain.

According to @lookonchain, trader 0xCB92 has significantly increased his short position on Ethereum (ETH), now holding 50,000 ETH valued at $171.7 million. The trader currently has over $10 million in unrealized profit with a critical liquidation price set at $3,634. This large short position signals bearish sentiment from a high-volume market participant and may influence near-term ETH price action and derivatives trading strategies. Source: @lookonchain