A top fund precisely shorted ETH at $2241.39 with 25x leverage, holding a short position of 38,810 ETH (about $71.65 million)!
Currently, the floating profit has exceeded $15.37 million, and the bearish rhythm is being controlled tightly.
Position details overview:
• Margin: $2.87 million
• Liquidation line: $2446.9
• Gradual injection over 25 days: $16.26 million USDC
• Current situation: Still holding positions, intentions are clear!
Central viewpoint:
This wave is not a small gamble for fun, but a 'strategic strike' under high leverage - the main whales are using the short-term weakness of ETH to harvest sentiment.
For the market:
Positive news - indicates that large funds have predictions and confidence; if successful, it may drive the basis for the next rebound.
Negative news - short-term pressure cannot be ignored; ETH must firmly hold the key support to alleviate the market's bearish signals.
Do ETH bulls want to break out? They must hold the bottom area; otherwise, they will be continuously pressured by 'smart money.'
The key to success or failure depends on how the market responds to the 'time bomb' left by the whales.
