Whale Short ETH with a Position of 50,000 ETH Worth 122 Million USD
According to expert Yu Jin's on-chain analysis, an outstanding whale with a 100% win rate in three recent ETH short orders has just added another 10,000 ETH short order at a price of 2,452 USD. The whale's current total position has reached 50,000 ETH, equivalent to a value of 122 million USD.
Peak ETH Short Strategy
On June 11, this whale opened a massive short position of 40,000 ETH. When the ETH price dropped to 2,200 USD just two days ago, the whale's position yielded profits of over 20 million USD. Notably, instead of closing the order, the whale continued to take advantage of the early recovery momentum in the morning session to increase its position by an additional 10,000 ETH at a price of 2,452 USD.
Details of Position and Risk
Currently, the short position is leveraged 10 times, with an average opening price of 2,725 USD and a liquidation price of 2,828 USD. The unrealized profit at this time is approximately 13.71 million USD, reflecting the flexibility and effective risk management of the whale's strategy. This is a clear demonstration of utilizing cryptocurrency market volatility to optimize profits in short-term trading campaigns.
Source: https://tintucbitcoin.com/ca-voi-thang-eth-tang-short-122m/
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