Ethereum Short Sellers Accumulate $24 Million in Profits Amid Market Stabilization

Three major Ethereum short sellers, known as whales, have amassed floating profits surpassing $24 million as the market stabilizes. According to NS3.AI, these whales are employing substantial leverage, between 20x and 25x, to enhance their position sizes and potential returns. The significant short positions reflect a strong bearish sentiment from key players in the Ethereum market.