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Trader Who Lost $45 Million On Bitcoin, Ethereum, Solana Longs Now Turns Bearish

From finance.yahoo.com

Ethereum is down 25% over the past month, but experts see this as potential buying opportunity. What Happened: A whale trader known for his previously flawless win streak has flipped bearish after a massive loss. According to TedLabs co-founder Niels, the trader lost $44.7 million in long positions across Bitcoin, Ethereum, Solana , and Hyperliquid, and has now opened a 25x short on 8,562 ETH worth $28.3 million. Traders are closely monitoring whether this marks a broader sentiment shift or sets up the stage for a potential short squeeze. Meanwhile, trader EliZ said he would favour Ethereum over Bitcoin during deeper ... (full story)

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  • Category: Fundamental Analysis