A major cryptocurrency whale initiated the liquidation of its short positions on Ethereum with a substantial profit. According to analysts, the wallet owner 0xd47...1A91 recently completed the position closing operation. At the time of liquidation, the floating profit from this whale's ETH operations was approximately $8.5 million, including all fees.

This decision by a major player to close a significant portion of bearish bets on Ethereum amid current market volatility. Such actions by experienced whales are often seen as an important signal for the broader crypto community, reflecting their assessment of ETH's price dynamics. Analysts note that the widespread closing of short positions by large whales could indicate a potential price rebound after a period of bearish position weakening in the market.