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The whale just shorted over 4.3 million ETH at the $3,346 level. This short position is indeed astonishing in scale. Some analysts speculate that it may originate from early wallets in history—if it truly comes from on-chain addresses from the 1987s, this pattern of sudden action after years of silence will undoubtedly attract market attention. Such moves by large holders often signal a significant shift in market sentiment.