This Ethereum Whale Trader Went From A $26 Million Unrealized Gain To A $700,000 Loss In Just 1 Month
Posted On July 10, 2025
Ethereum (CRYPTO: ETH) is up over 4% on the day, with the surge from $2,500 to $2,800 liquidating a hitherto profitable whale trader’s massive ETH short position.
What Happened: According to Lookonchain, smart money wallet 0xCB92, known for a stellar Ethereum trading history and raking in more than $20 million in recent weeks, shorted 50,000 ETH, eventually adding another 10,000 ETH on June 25.
At one point, the trader sat on an unrealized profit of $26 million but never exited. On July 3, their profit had dropped to $6.43 million, but the trader did not close the profitable position.
Instead, Ethereum’s surge forced them to realize a …
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