In the past 2 hours, he has opened a short position of 12,072 $ETH,
The total short position in ETH has reached 41,134 $ETH (worth $65 million)!
🚨 Currently, the floating loss on the ETH short position is $900,000, with a liquidation price of $1,701.
BUT——the long position in BTC he holds is still showing a floating profit of $4,970,000,
📊 Is this a high-leverage gamble or a well-calculated hedging strategy?
What do you think of this situation?
