Trader Doubles Ethereum Short to $171M with $10M Gain
Smart trader 0xCB92 doubles down on his $171M Ethereum short, eyeing profits as ETH nears his $3,634 liquidation price.
- Trader 0xCB92 increased his ETH short to 50,000 ETH
- Position now worth $171.7M with $10M unrealized profit
- Liquidation price set at $3,634
High-Stakes Ethereum Short Draws Attention
A well-known crypto trader, identified on-chain as 0xCB92, is making waves by significantly increasing his Ethereum short position. According to blockchain data, the trader has now shorted 50,000 ETH, worth approximately $171.7 million, and is sitting on an unrealized profit of over $10 million.
This aggressive move places 0xCB92 among the most closely watched traders in the Ethereum derivatives market. His position indicates a strong bearish conviction, especially at a time when ETH has been relatively stable with upside pressure from ETF speculation and institutional inflows.
Understanding the Risk and Reward
With a liquidation price set at $3,634, 0xCB92 is playing a high-risk, high-reward game. Ethereum is currently trading below that threshold, but any sharp rally could wipe out his profits—or even liquidate the entire position.
The fact that he has doubled down despite market volatility signals either high confidence in a price decline or strong hedging strategies behind the scenes. Smart money like this often uses advanced risk management tools and real-time market data to maximize gains and reduce exposure.
It’s also possible this short is part of a broader arbitrage or delta-neutral strategy, especially given the size and structure of the position.
Market Impact and Community Buzz
This massive short has sparked conversation across crypto Twitter and DeFi forums, with many speculating on whether 0xCB92 is making a bold play or setting himself up for a squeeze. If Ethereum approaches his liquidation price, it could trigger a cascade of covering, potentially leading to sharp upside volatility.
Whether a win or a warning, this position highlights the strategic depth and risk appetite present in today’s crypto trading landscape.
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