#Whale Adds to Short Position on ETH#
Hot Topic Overview
Overview
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 previously borrowed 3,000 ETH from Aave and sold 2,006 of them at an average price of $3,660.9, resulting in a current unrealized 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 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 and sold 2,006 of them at an average price of $3,660.9, with an average shorting price of $3,475.59, resulting in a floating loss of $4.568 million. Despite this, the health score of its main position address is 1.14, with a liquidation price of $4,197.88, indicating that its position is currently relatively safe. The whale's addition has attracted market attention, with some analysts believing it could be a bearish signal for the future of ETH, while others believe it is just a swing trade and does not represent a long-term bearish view on ETH. The market reacted cautiously, with ETH prices falling briefly after the whale's addition, but quickly rebounding.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale adds to short position on ETH, short position has increased to 23,616 ETH, worth $86.67 million.
The whale's shorting behavior may signal that the price of ETH will fall further.
The average price of the whale's short position is $3,475.59, and it is currently down $4.568 million.
The whale's short position health is 1.14, and the liquidation price is $4,197.88.