Why are whales betting against Ethereum? As Ethere
#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Why are whales betting against Ethereum? As Ethereum's structure remained weak, demand for short positions surged among large holders. According to Onchain Lens, the whale "pension-usdt.eth" increased its 3x leveraged ETH short position to 50,000 ETH, worth $85.28 million. Despite limited price movement, the position was already sitting on more than $1.43 million in unrealized profit.
Another whale also opened a 23,000 ETH short position with 20x leverage, valued at $39.64 million. The trader later closed the position, locking in roughly $125,000 in profit.
The growing demand for short positions suggested that whales continued to expect another leg lower.While whales leaned bearish, broader market positioning painted a different picture. The Long/ Short Ratio climbed to 2.73. Around 73% of open positions were long, compared to 26% short.
That indicated most traders expected Ethereum to rebound despite recent weakness. This divergence left the market split between cautious whales and increasingly optimistic traders
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