#Whale Adds to Short Position on ETH#

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 of them at an average price of $3,660.9, resulting in a current loss of $4.568 million on its short position. Despite this, the whale's position health remains at 1.14, with a liquidation price of $4,197.88, indicating that its position is currently relatively safe. This addition has attracted market attention, with some analysts believing that the whale may be bearish on the future of ETH and that the price of ETH may fall further. However, other analysts believe that the whale's addition may be to capture short-term fluctuations and does not represent its judgment on the long-term trend of ETH. Currently, the market remains divided on the future direction of ETH, and investors need to carefully observe market changes and make investment decisions based on their own circumstances.