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Whale closes BTC position for quick profit, turns to short ETH and misses out on 280,000
【Block Rhythm】A whale with an address of 0x50b30 recently staged a clever counter-trade. After closing a previous BTC long position and earning $5,300 in profit, this trader did not stop. They immediately opened a short position on ETH, shorting 11,694.63 ETH with 14x leverage, with an entry price set at $3,088.64. However, this move didn’t go as smoothly as hoped—currently, the unrealized loss has reached $280,000. This series of actions by the whale reflects differing opinions among market participants on the future trend of ETH and also serves as a reminder for traders to be extra cautious when using high leverage. Every move by large holders warrants close attention.