$ETH Does it feel like Ethereum isn't moving up? Yesterday, an old trader opened a short position of 41,000 Ethereum, ranking third in the total position on the entire exchange 😂. The whales control their liquidation prices very well; when they are at a loss, they decisively reduce their positions. In contrast, we retail investors would rather hold until liquidation rather than accept a small loss to reduce our positions. We would rather hedge than reduce our positions, it's either holding on until the end or nothing. Although some big whales are also large retail investors, have you ever seen them hedge? No, right? They would rather reduce their positions and take a loss than hedge. Hedging is a one-way street; once you misjudge the direction, it’s the difference between the first day of the month and the fifteenth day.