Whale: $1.34M Gains on 250x ETH Short
OnchainLens reports a trader holding three leveraged short positions including a 250x ETH short now up $1.07M alongside BTC and additional ETH shorts for total unrealized gains of $1.34M.
SourceAnalysis
OnchainLens flagged address 0x7a8dcc5e6f70afe4d710fdc270224971088dacf4 sitting on $1.34M in paper gains across three shorts: a 145x BTC position at +$145.2K, a 40x ETH position at +$133K, and the standout 250x ETH short at +$1.07M, with 24-hour PnL at +$851.85K.
Price action on the 4h chart supports the short thesis. ETH trades at $2124.38 inside the Bollinger Bands while the EMA50 at $2230.44 and EMA200 at $2378.82 act as overhead resistance; the MACD death cross at -40.67 confirms bearish momentum and keeps the lower band at $2069.17 as the next volatility target.
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