💥Major news is here, BTC whale is shorting ETH!!!
A certain ancient Bitcoin whale spent 30 million USDT to open a 12x short position on ETH, with a position size reaching 330 million USD.
According to the latest data, a certain ancient Bitcoin whale recently deposited 30 million USDC on the Hyperliquid platform and opened a 12x leveraged short position on ETH. The position size of this whale reached 76,242 ETH, approximately 330 million USD, with a liquidation price of 4,613.7 USD.
This move has drawn market attention, especially given the current high volatility of ETH prices; the whale's actions may impact market trends. The initiation of this large short position indicates the whale's expectation of a downward trend in ETH prices, which could suggest significant pressure on ETH in the short term.
It is worth noting that while the use of 12x leverage can increase profit potential, it also exposes the whale to higher risks. Therefore, how the market develops will depend on the overall market sentiment and the price fluctuations of ETH.
For market participants, this action may also serve as a signal for future market trends, especially against the backdrop of possible further corrections in ETH prices. Investors should remain cautious in their operations and consider the potential risks brought by leverage.
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