Crypto Trader Turns Bearish on Ethereum After Securing $150M Perpetual Futures Profit

A prominent crypto trader has made a notable change in his investment strategy regarding Ethereum ($ETH). According to data from Arkham Intelligence, the trader, known as BobbyBigSize, has repositioned himself bearishly on the leading altcoin.

Notably, this decision comes after he secured an impressive $150M in profit from trading Ethereum perpetual futures since late 2024. This substantial gain suggests a significant shift in his investment approach, as he now holds a cumulative $70M in open positions.

The majority of these open positions, approximately $45M, consist of shorting $ETH. This bearish conviction is underscored by the leverage and size of the short exposure, sparking market-wide attention and speculation about potential future developments.