#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, indicating that its position is currently relatively safe. This addition has attracted market attention, with many speculating that the whale may be bearish on ETH's future, believing that the price of ETH may fall further. However, some analysts believe that the whale may simply be engaging in range-bound operations, and its addition does not necessarily represent a bearish stance on ETH's future. Currently, there are different interpretations of the whale's addition in the market, and its true intentions remain unclear. Investors need to carefully observe market changes and make investment decisions based on their own circumstances.