Two Ethereum whale trades: 3,840 ETH 4x short vs 10,000 ETH 12x long
Two large Ethereum wallets opened opposing leveraged positions within hours: a 4x short on about 3,840 ETH with a $3 million USDC deposit (worth approximately $11.86 million), and a 12x long on 10,000 ETH funded by 7.38 million USDC (valued near $30.92 million). ETH remains below the 200 EMA, and volatility risk is elevated.