Lost $495K Shorting ETH… Then Flipped Long .
Trader 0x914b just took a pretty painful hit on an $ETH short… and then immediately switched sides.
The trader lost $495,790.60 while shorting 14,976 ETH, a position worth around $40.97M.
But instead of stepping away, they flipped bullish and opened a massive 25x long on 23,734 #ETH , worth roughly $64.3M.
Entry price: $2,706.39, Liquidation price: $2,650
So basically… lost nearly $500K on the short, then turned around and put $64M+ behind a 25x ETH ...
After staying quiet for about 6 months, Ethereum OG 0xa2F6 is moving $ETH again.
The wallet just sold another 13,330 ETH, worth roughly $36.37M.
And the backstory here is wild. This OG originally picked up 170,000 ETH through the #Ethereum ICO at just $0.31 per ETH, spending around $52.7K in total.
That same stash is now worth roughly $461.4M.
From a $52K ICO investment to hundreds of millions… and even after selling another $36M, this OG still has a massive #ETH position.
Address: 0xa2F6aBE26f...
$ETH ETH Long Setup 🟢
ETH is trading around the $2,725 area, with the 4H structure still favoring the bulls. Current technical data shows bullish momentum, while $2,700–$2,710 is an important support zone.
So Guys, I’m going to open a 30x Long on $ETH
🔹 Entry: $2,720–$2,730
🎯 TP1: $2,760
🎯 TP2: $2,800
🎯 TP3: $2,850
🛑 SL: $2,690
$ETH
{future}(ETHUSDT)
#GreekPoliceBustCryptoScamRingArrest17
⚠️ If ETH loses $2,690 decisively, the long setup is invalidated.
Use proper risk management. 3...
$ETH Has Surpassed $BTC !
While reviewing liquidation data, something I hadn’t seen in a very long time caught my attention. For the first time in a long while, #Ethereum surpassed #Bitcoin in terms of liquidation volume.
Of course, this surge is only on an hourly basis; when looking at the daily chart, Bitcoin is still higher. However, this was a new development I hadn’t seen in this data, which I check every hour.
What does this tell us? Interest in Ethereum is actually continuing to grow...
$CBRS is up in overnight trading, fading a bit from the high $180s, but I think the market got what it needed to escape the lows.
Cerebras does not trade cheap, but at roughly 1.6x its $25.4B backlog, the valuation is more interesting given the AI inference thematic.
For me, this remains more of an asymmetric trade than a long-term hold at these levels.
🇺🇸 U.S. SPOT CRYPTO ETFs FLOWS REPORT (28 September - 02 October)
US Crypto Spot ETFs Saw ~$92.40 Million Net InFlows Last Week
➔ BlackRock ETF BUYS ~5,347 Bitcoin And 2,419 Ethereum
➔ Fidelity ETF SELL ~2,010 Bitcoin And 27,578 Ethereum
➔ Bitwise ETF SELL ~463 Bitcoin
➔ Grayscale ETF SELL 354 Bitcoin And 14,605 Ethereum
➔ VanEck ETF SELL ~43 Bitcoin AND 2,570 Ethereum
➔ ARK 21Shares ETF BUYS ~306 Bitcoin And 633 Ethereum
➔ Morgan Stanley ETF BUYS ~112 Bitcoin
➔ Invesco ETF SELL ~50 Bitcoin...