Trader Shifts From ETH Long to $61.45M Short After Heavy Losses

The statement is assessed as 'likely true' with high confidence due to overwhelming and consistent evidence from multiple authoritative sources. A clear majority of the provided sources directly corroborate all key elements of the claim.Key supporting evidence comes from several crypto-focused news outlets and exchange platforms, including Binance Square, Bitget, Odaily, and CoinEx. These sources are highly relevant and explicitly state that a trader, known for a previous long position, initiated a new short position on ETH valued at approximately $61.45 million. The details, such as the position size and the trader's switch in strategy, are consistent across these independent reports.The credibility of these reports is further bolstered by the inclusion of Lookonchain, a primary source for on-chain analytics. Such firms are typically the origin of this type of specific, data-driven reporting, lending significant weight to the claim.There is no direct conflicting evidence. One source from Blockchain.news reports on a whale flipping from a short to a long position, but the monetary values are different, indicating it is a separate and unrelated event. Other sources were either too general (CoinDesk) or entirely irrelevant (Reddit), and therefore do not weaken the conclusion.The consistency across a high number of credible and relevant sources makes the statement highly probable.