Whale '0x521' Shifts Strategy with New Ethereum Short Position

Onchain Lens posted on X that the cryptocurrency whale known as '0x521' has recently closed a long position in Ethereum, which was leveraged 25 times, resulting in a profit of $925,700. Following this successful trade, the whale has now initiated a new short position in Ethereum, utilizing 20 times leverage. This strategic move indicates a shift in market sentiment or a tactical adjustment by the investor. The actions of '0x521' are closely watched by market participants due to the significant impact such large trades can have on the cryptocurrency market.