ETH short sellers face defeat! A whale shorts 10,000 ETH with a floating loss of $510,000, yet continues to increase positions!
On-chain monitoring shows that this veteran short-selling whale has recently been continuously shorting ETH around $1,800, having shorted a total of 10,000 ETH at an average price of $1,791, currently facing a floating loss of over $510,000, directly being hammered down.
Even more outrageous is that—just in the past hour, this tough player borrowed another 4,000 ETH to continue shorting, bringing the total position to 10,000 ETH; the short sellers are truly ruthless!
Market signals?
A typical case of “leveraging up”! The short sellers are increasing their positions in a volatile market, but are instead being trapped in the opposite direction, making the current ETH trend seem like it is gathering strength to squeeze shorts.
Whale losses signal alarm bells for short sellers; this squeeze market deserves special caution. Retail investors, be careful not to fall into the trap!
