#Whale Adds to Short Position on ETH#

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Overview

Recently, a whale known for its range trading operations 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 short position 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 a relatively stable position.

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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 ETH at an average price of $3,660.9, resulting in a current floating loss of $4.568 million. Despite this, the whale's position health remains at 1.14, with a liquidation price of $4,197.88, indicating a relatively stable position. This addition has attracted market attention, with some analysts believing that the whale may be cautious about the future of ETH, suggesting a potential price decline. However, other analysts believe that the whale's addition may simply be part of its swing trading strategy and does not necessarily indicate a bearish outlook on ETH. Currently, the market reaction to the whale's addition is mixed, and investors need to carefully observe market changes and make rational investment decisions.

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Giant whale added another 2000 ETH short positions, the short position has increased to 23,616 ETH

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The average price of giant 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 giant whale's short position is 1.14, the liquidation price is $4197.88

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The giant whale's swing win rate is 82%

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