Ethereum Bear Sitting On $4.25 Million In Unrealized Profits, But Analysts Say The Next Move Is Up
Posted On August 5, 2025
Though one notorious whale trader continues to bet against Ethereum (CRYPTO: ETH), broader sentiment among analysts remains bullish on the altcoin.
What Happened: One notorious Ethereum bear with the wallet ending 0xCB92 has once again shorted Ethereum, adding significantly to their already massive bearish bet.
Following a bounce above $3,700, the wallet sold 915 ETH and 1.49 million ARB, depositing $3.98 million in USDC to Hyperliquid to continue shorting the asset.
Originally, they held a 27,000 ETH short worth $99.27 million with a liquidation price of $3,852.4.
The wallet ramped up the position to 60,000 ETH, valued at $213.5 million, and is currently …
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