#Whale Adds to Short Position on ETH#
Hot Topic Overview
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 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 currently relatively safe.
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 in the past half hour and sold 2,006 ETH at an average price of $3,660.9, bringing its average short price to $3,475.59. It is currently experiencing a floating loss of $4.568 million. Despite this, the whale's main position address has a health score of 1.14, with a liquidation price of $4,197.88, indicating that its position is currently relatively safe. This move has sparked speculation in the market about the future direction of ETH. Some analysts believe that the whale's increased short position may signal a further decline in ETH prices, while others believe that the whale may simply be engaging in swing trading and its ultimate goal is not to completely short ETH.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale adds to its short position on ETH, currently holding 23,616 ETH short positions, worth $86.67 million.
The average price of the giant whale's short position on ETH is $3,475.59, currently with a floating loss of $4.568 million.
The health of the giant whale's short position is 1.14, with a liquidation price of $4,197.88.
The giant whale's swing win rate is as high as 82%, and its shorting behavior may indicate that the price of ETH will continue to fall.