Crypto Trader Turns Bearish on $ETH After Securing $150 Million PERP Profit

A well-known crypto trader recently made a major shift in his strategy regarding Ethereum ($ETH). In this regard, cryptocurrency trader BobbyBigSize is bearish on major altcoins. $ETHamassed a staggering $150 million in profits. The trader has been pocketing profits from Ethereum perpetual futures since the end of 2024, according to data from Arkham Intelligence. However, speculation is mounting that the sudden change in traders’ decisions may attract the attention of the entire market and generate bearish conviction.

bobby big size shorts $ETH After collecting $150 million in profits

Trader “BobbyBigSize” suddenly changed Ethereum ($ETH) strategy. In this regard, traders have likely turned bearish after collecting up to $150 million since the end of 2024. This positive attitude toward the flagship altcoin has sparked speculation in the market that developments may occur in the near future. Notably, this trader currently holds a cumulative total of $70 million in open cryptocurrency positions.

$45 million $ETH Shorts indicate particularly bearish beliefs

Specifically, it accounts for a staggering $45 million of this amount. $ETH short. According to Arkham Intelligence, the portfolio’s balance history shows some huge outflows and inflows considering trades involving 2xLiquidity (proxy) and Binance, suggesting active management of liquidity. However, regardless of the upside momentum, whale confidence appears to be very bearish based on the influence and size of the short-term exposure. Overall, $ETH As it continues to change hands around key resistance levels, all traders will be watching to see if bold shorts will result in significant market development.