ETH Short-Selling Whales Collectively "Recognize Losses and Flee"! Is There a Secret to Wealth Hidden in This Signal?
This morning, when ETH plummeted, two major short-selling whales suddenly and synchronously reduced their positions, directly shaking up the crypto world! Even more shocking details lie in the data:
A whale starting with 0x20c has a floating loss on short positions exceeding 21 million USD, with a liquidation price as high as 6074 USD. This means that even if ETH rises to 6000, this whale's short position will be forcibly liquidated!
【Why Did the Shorts "Back Down"? Core Logic Exposed!】
This is not just a simple stop-loss. Currently, ETH is only at 4300, still 2000 points away from the liquidation price of 6074. The shorts could have continued to short and reap profits. But they urgently cut their positions, and there is only one possibility:
They sensed a signal of a bullish rebound!
Combining this with previous on-chain data (whales buying back 100,000 ETH in the 4200-4300 range), the shorts likely discovered that the "opposing side" was secretly accumulating, worrying that continuing to sell would lead to being "killed back" by the bulls, so they chose to cut positions early to avoid risk!
【Key Impact on ETH: The Rebound Powder Keg is Already Buried!】
Selling pressure suddenly decreased: the shorts reducing their positions directly weakened the downward momentum, locking down the short-term downside potential for ETH; liquidation bomb: the high liquidation price of 6074 is a "time bomb". If ETH rebounds to around 6000, this batch of short positions will be forcibly liquidated, creating a buying surge in the tens of millions to push prices up; technical reversal signals: in the 15-minute chart, ETH has already hit a bottom of 4277. If it can recover MA30 (4531), a rebound trend could explode at any moment!
