#Whale Adds to Short Position on ETH#

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Overview

Recently, a whale known for its range 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, its average shorting price is $3,475.59, resulting in a floating loss of $4.568 million. Despite this, the whale's position health is still 1.14, with a liquidation price of $4,197.88, indicating that its position is relatively stable.

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Analysis

Recently, a whale known as "82% win rate" 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 incurring a 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 relatively stable. The whale's addition has attracted market attention, with some analysts believing it could be a bearish signal for ETH's future trajectory, while others believe it is just a swing trade and does not represent a long-term bearish view on ETH. Currently, ETH prices have seen some pullback after the whale's addition, but the overall trend remains relatively stable.

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Whale added 2000 ETH short positions again, the short position has increased to 23,616 ETH

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The average price of whale shorting ETH is $3475.59

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Currently, the floating loss is $4,568,000

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The health of whale shorting ETH is 1.14

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The liquidation price is $4197.88

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The win rate of whale shorting ETH is 82%

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