$ETH
5000 pieces of $ETH have been crazily shorted!
The reason behind it is astonishing!
The latest monitoring data from on-chain analysts shows that a 'mysterious whale' borrowed 5000 ETH from the well-known decentralized lending platform Aave in the past 50 minutes, worth up to 12.45 million dollars, and then immediately shorted it at a price of 2491 dollars.
Speaking of this 'mysterious whale,' it has repeatedly shorted when the ETH price peaked, resulting in a win rate of 0, making it a 'contrarian indicator.' However, last time it was somewhat lucky; before the explosive rise of ETH, it quickly closed a short position of 10,000 ETH, ultimately losing only 430,000 dollars. If it hadn't closed the position in time and held on until now, it would have suffered a loss of 7 million dollars.
This time, it has returned to its old ways, once again massively shorting ETH as the price of Ethereum continues to rise. What undisclosed market signal has it discovered, or is it simply betting on a price correction? Where will the price of Ethereum go next? We will keep a close eye on it!
