#Whale Adds to Short Position on ETH#
Hot Topic Overview
Overview
Recently, a whale known for its range trading strategy 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 in the past half hour and sold 2,006 ETH at an average price of $3,660.9, currently incurring a loss of $4.568 million. Despite this, the whale's position health remains at 1.14, with a liquidation price of $4,197.88. This move has attracted market attention, and whether the whale's addition of positions signals a further decline in ETH prices is worth close attention from investors.
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 facing a 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 currently relatively safe. This move by the whale has attracted market attention, with some analysts believing that it may be a signal of its bearish outlook on the future of ETH. However, others believe that this is just part of its swing trading strategy and does not represent a long-term bearish view on ETH. Currently, the market has different interpretations of the whale's actions, and its ultimate impact remains to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale adds to short position against ETH, now holding 23,616 ETH worth $86.67 million.
The whale's short position may signal further decline in ETH price.
The whale's short position is currently down $4.568 million, but its main wallet address is healthy with a liquidation price of $4,197.88.
The whale has a high win rate of 82% in its trading, making its actions worth watching.