#Whale Adds to Short Position on ETH#
Hot Topic Overview
Overview
Recently, a whale known for its range-bound trading has added another 2,000 ETH short positions, bringing its total short position to 23,616 ETH, worth $86.67 million. The whale borrowed 3,000 ETH from Aave and sold 2,006 of them at an average price of $3,660.9, currently averaging a short price of $3,475.59, resulting in a floating loss of $4.568 million. Despite this, the health of its main position address remains at 1.14, with a liquidation price of $4,197.88, indicating that its position is currently relatively safe.
Ace Hot Topic Analysis
Analysis
Recently, a whale known for its 82% win rate in swing trading has added another 2,000 ETH short positions, bringing its total short position to 23,616 ETH, worth $86.67 million. The whale borrowed 3,000 ETH from Aave and sold 2,006 of them at an average price of $3,660.9, bringing its average short price to $3,475.59. It is currently experiencing a floating loss of $4.568 million. Despite this, the health score of its main position address is still 1.14, with a liquidation price of $4,197.88, indicating that its position is relatively stable. This addition has attracted market attention, with some analysts believing that the whale may be cautious about the future of ETH and that its price may face a downward risk. However, other analysts believe that the whale's addition may just be for swing trading and does not necessarily represent a bearish outlook on the overall ETH market. Currently, there are different interpretations of the whale's addition of short positions on ETH, and its impact on the price trend of ETH still needs further observation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale adds to its short position on ETH, increasing its short position to 23,616 ETH, worth $86.67 million.
The whale's shorting behavior may signal further declines in ETH prices.
The whale's short position is currently underwater by $4.568 million, but its main wallet address is healthy with a liquidation price of $4,197.88.
The whale's shorting behavior may be related to recent ETH price fluctuations, but its specific motives remain unclear.