A major whale opened a 23,000 ETH short position worth $39.64 million
According to on-chain analytics platform Lookonchain (@lookonchain), the highly successful smart trader 0xa2e8—whose win rate stands at an impressive 90% and cumulative profit at $4.93 million—has re-entered the market. The trader deposited 3.49 million USDC into Hyperliquid and opened a 20x-leveraged short position on ETH, involving 23,000 ETH valued at approximately $39.7 million. Previously, this trader executed 10 long and short ETH trades within five days, securing profits on nine of them and generating a total profit of $4.93 million.
