#Whale Adds to Short Position on ETH#

Recently, a whale known for its range-bound 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 in the past half hour and sold 2,006 of them at an average price of $3,660.9. Its current average shorting price is $3,475.59, resulting in a 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, meaning its position is currently relatively safe. This addition has attracted market attention, with some analysts believing that the whale may be bearish on ETH's future and expecting ETH prices to fall further. However, other analysts believe that the whale's addition may just be a range-bound operation and does not necessarily represent a pessimistic view on ETH's future. Currently, the market remains divided on the future trend of ETH, and investors need to carefully observe market changes and make investment decisions based on their own risk appetite.