Trader Shorts $1 Million In Ethereum: ‘The Rally May Never Materialize, It’s a Bear Market’
Posted On October 31, 2025
Ethereum (CRYPTO: ETH) has dropped about 10% over the past month, sparking doubts about the sustainability of its rally as some traders short the altcoin.
What Happened: Crypto trader Taiki Maeda revealed he has opened a $1 million short position on Ethereum at $4,154, arguing that the long-anticipated Q4 altcoin rally “may never come,” adding he sees crypto already in a bear market.
He says the Oct. 10 liquidation event marked the start of it as most traders remain overexposed based on …
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