A major shark starts liquidating profitable ETH shorts

PerennialLeek · 2026-02-12T16:14:53+00:00

A significant crypto player has actively closed their short positions on Ethereum, realizing around $8.5 million in profits. This move, observed at wallet address 0xd47...1A91, suggests a strategic decision to lock in gains as the current ETH price is $1.94K.

PerennialLeek

2026-02-12 16:14:53

Abstract generation in progress

According to blockchain data, a major cryptocurrency player has initiated active closing of their short positions on Ethereum over the past two hours. Identified by the wallet address 0xd47…1A91, this large trader is executing a substantial operation to close their bearish trades.

Position Size and Accumulated Profit

Monitoring data shows that the whale held a significant volume of short positions on ETH. At the time of liquidation, including fees, the floating profit of these positions was approximately $8.5 million. This indicates that the large holder successfully speculated on a decline in Ethereum’s price and is now realizing accumulated gains.

Current ETH Market Context

While the major whale is closing its positions, the current price of Ethereum is $1,940. Actions by such large players often attract the attention of market analysts, as they can signal shifts in the sentiment of major investors. Closing positions with substantial profit suggests that the whale considers this an optimal time to lock in gains.

ETH-2,62%

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