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A $44M ETH short signals bearish whale bets amid mixed trader reactions after Bitcoin sale news.

Market News
02 Jun 2026
BeInCrypto
View Source
Bearish
pluang ai news

A whale opened a $44 million short position on Ethereum (ETH) following a major Bitcoin sale by Strategy, which rattled the market. This move, combined with other large holders selling and ETH reserves slipping, shows bearish sentiment among whales. However, Hyperliquid traders are buying ETH, creating a split in market sentiment and hinting at a possible short squeeze if ETH price rebounds above $2,000. The situation remains uncertain as the market balances between bearish whale bets and contrarian buying pressure.

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