According to Lookonchain, Ethereum (ETH) experienced a sharp decline, enabling smart trader 0xcB92 to accumulate an unrealized profit of $9.37 million from his ETH short position. This significant gain highlights active shorting strategies as Ethereum volatility increases, sending signals to traders about potential continued bearish momentum in the crypto market. As ETH price pressures mount, market participants may observe increased short interest and volatility, which could influence broader crypto asset pricing and trading strategies. (Source: Lookonchain on Twitter)

According to Lookonchain, trader 0xcB92 has achieved over $3 million in unrealized profit by taking a 25x leveraged long position on Ethereum (ETH) just two days ago. This high-risk, high-reward trade highlights renewed bullish sentiment and increased leverage activity in the ETH derivatives market. Such moves often signal rising volatility and can attract copy-trading interest, potentially amplifying price swings for ETH and related altcoins. Traders should monitor liquidation levels and funding rates closely as leveraged positions may impact short-term ETH price action. (Source: Lookonchain, May 29, 2025)