The BTC whale just opened a $500 million short position, with a liquidation price near 85600, but the bulls in the market just can't do anything about it. The bulls are really weak, including me as a bull, haha 😂
ETH just closed all positions because the current market still needs to continue consolidating. A few days ago, a friend suggested that we should open a two-way position, which allows us to lock in profits at good positions and gain excess returns during a fluctuating market. I think that's a great suggestion, and I should adopt it! The contract costs in the crypto world are quite different from those in the stock market; they won't show a reduction in cost just because you made a profit in trading, otherwise, I would push the cost to negative 😆
Once the contract's two-way position is opened, you can hold both long and short positions on the same contract simultaneously, which is very practical in a fluctuating market. For example, if you hold a long position in ETH at the bottom of 1850 and the resistance level during consolidation is at 1950, you can open a proportionate short position to lock in profits. When it drops down to around 1900 and you close it out, you gain a range profit of 50u, and your long position at the bottom of 1850 can still be retained to capture further upside profits until it breaks upward.