#Whale Adds to Short Position on ETH#

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, with an average shorting 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. This move has attracted market attention, with some analysts believing that the whale may be cautious about the future trend of ETH and expects its price to fall further. However, other analysts believe that the whale's increase in short positions may just be a short-term operation and does not represent a bearish outlook on ETH in the long term. Currently, there are different interpretations of the whale's increase in short positions on ETH, and investors need to carefully observe market changes and make investment decisions based on their own circumstances.