Trader Who Lost $45 Million On Bitcoin, Ethereum, Solana Longs Now Turns Bearish

Ethereum (CRYPTO: ETH) is down 25% over the past month, but experts see this as potential buying opportunity.

What Happened: A whale trader known for his previously flawless win streak has flipped bearish after a massive loss.

According to TedLabs co-founder Niels, the trader lost $44.7 million in long positions across Bitcoin (CRYPTO: BTC), Ethereum, Solana (CRYPTO: SOL), and Hyperliquid (CRYPTO: HYPE), and has now opened a 25x short on 8,562 ETH worth $28.3 million.

Traders are closely monitoring …

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