Whales defeat ETH 3 consecutive times, increasing short position to 122 million USD
Whale Short ETH with Position of 50,000 ETH Worth 122 Million USD
According to on-chain analysis by expert Yu Jin, an outstanding whale with a 100% win rate in three recent short orders on ETH has just added another 10,000 ETH short order at a price of 2,452 USD. The current position of this whale has reached 50,000 ETH, equivalent to a value of 122 million USD.
High-Performance Short ETH Strategy
On June 11, this whale opened a massive short position of 40,000 ETH. When the price of ETH 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 during the morning session to increase its position by another 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 moment is approximately 13.71 million USD, reflecting the whale's flexibility and effective risk management capabilities from its strategy. This is a clear testament to leveraging the volatility of the cryptocurrency market to optimize profits in short-term trading campaigns.
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