Whale Address 0x58bro Shorts Over $32M in Altcoins, Books $4.5M Unrealized Profit

Whale address 0x58bro has booked $4.5 million in unrealized profit by shorting more than $32 million in cryptocurrencies as prices climbed, Arkham data show. The address's largest gains come from Ethereum, where it has earned $3.04 million by shorting $11 million worth of ETH. The whale plans to add another $1.3 million in ETH shorts if the price moves into the $2,220–$2,490 range.