Cryptocurrency Market: Update from Lookonchain about the notorious trader
Trader 0xcB92 still maintains a short ETH position with huge profits
On June 22, a report from Lookonchain revealed that the smart trader 0xcB92 has not closed his short ETH position. With an amount of 40,000 ETH, valued at approximately 90.3 million USD, this trader is maintaining an open position and benefiting from Ethereum's price decline. His unrealized profit exceeds 21.45 million USD, demonstrating his ability to accurately predict market trends.
Outstanding performance from ETH trading activity
In the past month, this address has earned over 20 million USD from ETH trading. Maintaining a short position during a period of high market volatility shows this trader's excellent technical analysis skills and sound strategic orientation in the cryptocurrency space. This raises investor curiosity about the short-term and long-term investment strategies of leading experts.
The impact of short ETH strategy on the cryptocurrency market
The cryptocurrency market is increasingly witnessing the prominence of individual traders capable of generating significant profits from short positions. This contributes to reducing panic sentiment within the community and helps balance supply and demand. Signals regarding trader 0xcB92's positions may strongly influence market sentiment, expected to affect investment decisions of individuals and institutions in the cryptocurrency field.
Source: https://tintucbitcoin.com/trader-0xcb92-lai-2145-trieu-usd-tu-short-eth/
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