ethmegabear
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LEGEND #ETHMEGABEAR HAS EARNED MORE THAN 80 MILLION DOLLARS JUST FROM SHORTING $ETH FOR 2 YEARS!
While the entire market cheers for the Bull Run, a lone trader with a wallet has quietly accumulated a massive fortune by going against the crowd.
Given the nickname ETHMegaBear by the community, this whale just announced a PnL sheet that left everyone stunned.
🔷 This Trader's total profit has pocketed $81.25 Million USD in net profit.
- Absolutely loyal to shorting ETH on a decentralized platform from 2024 to now.
- With an extremely aggressive style always using maximum leverage. Previously at 50x, and currently maintaining at 25x.
🔶 No intention of retiring, ETHMegaBear is still holding a massive short position challenging the market:
- Position size: Currently shorting 30,582 ETH.
- Contract value: Up to $88.62 Million USD.
- Entry: At the price of $3,116.99.
Despite market fluctuations, this position is still profiting $6.7 Million USD.
🔷 One extremely interesting detail on the order sheet is the Funding Fee item. This trader shows a positive +$6.90 Million USD.
- Besides the profit from the price drop, this whale also earned nearly 7 million dollars from the fees paid by the Long side to the Short side, turning the short position into double profit.
High profits come with deadly risks. With 25x leverage, the Liquidation Price of this position is at $3,864.43.
If ETH makes a strong recovery above the $3,865 mark, this legend will see an account worth over 32 million dollars wiped out.
While the entire market cheers for the Bull Run, a lone trader with a wallet has quietly accumulated a massive fortune by going against the crowd.
Given the nickname ETHMegaBear by the community, this whale just announced a PnL sheet that left everyone stunned.
🔷 This Trader's total profit has pocketed $81.25 Million USD in net profit.
- Absolutely loyal to shorting ETH on a decentralized platform from 2024 to now.
- With an extremely aggressive style always using maximum leverage. Previously at 50x, and currently maintaining at 25x.
🔶 No intention of retiring, ETHMegaBear is still holding a massive short position challenging the market:
- Position size: Currently shorting 30,582 ETH.
- Contract value: Up to $88.62 Million USD.
- Entry: At the price of $3,116.99.
Despite market fluctuations, this position is still profiting $6.7 Million USD.
🔷 One extremely interesting detail on the order sheet is the Funding Fee item. This trader shows a positive +$6.90 Million USD.
- Besides the profit from the price drop, this whale also earned nearly 7 million dollars from the fees paid by the Long side to the Short side, turning the short position into double profit.
High profits come with deadly risks. With 25x leverage, the Liquidation Price of this position is at $3,864.43.
If ETH makes a strong recovery above the $3,865 mark, this legend will see an account worth over 32 million dollars wiped out.
MARKET OVERVIEW 29/01: SEA OF RED BLOOD AND RARE EXCEPTIONS!
Today witnessed a rare synchronized crash between the Crypto market and Gold/Silver, creating one of the most brutal trading days of early 2026.
🔷 Overall Picture: Red Dominance
Looking at the heat map of the market, the fear sentiment is completely dominating:
A series of mid-cap and large-cap coins are facing double-digit declines. Notable examples include CHZ, JTO, FRAX, and MKR.
Market pillars are not spared either. $BTC dropped sharply to the 85k region, $ETH lost the 3k mark, and $SOL decreased by 6.5%.
🔷 Overall Picture: Red Dominance
Looking at the heat map of the market, the fear sentiment is completely dominating:
A series of mid-cap and large-cap coins are facing double-digit declines. Notable examples include CHZ, JTO, FRAX, and MKR.
Market pillars are not spared either. $BTC dropped sharply to the 85k region, $ETH lost the 3k mark, and $SOL decreased by 6.5%.
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