$ETH A well-known cryptocurrency trader, known as the Liquidity Doctor, announced a significant short position on Ethereum (ETH), aiming to bring the price down to below $2000 by the end of the month (Source: @doctortraderr in a Twitter post on March 1, 2025). At the time of the announcement, ETH was trading at $2045.75 on major exchanges such as Binance and Coinbase (Source: CoinMarketCap data as of March 1, 2025, 12:00 PM UTC). This move aligns with the broader bearish sentiment in the market, with ETH's value dropping by 3.5% in the past 24 hours (Source: CoinGecko data as of March 1, 2025, 12:00 PM UTC). The trader's strategy is part of the '100-1k$ challenge', indicating that this is a risky trading approach aimed at exploiting perceived market weaknesses. Additionally, on-chain data shows a significant increase in ETH short positions, with the open interest of ETH futures on Deribit rising by 15% in the past 48 hours (Source: Deribit data as of March 1, 2025, 10:00 AM UTC). This surge in short interest indicates a growing bearish sentiment among traders, potentially reinforcing downward pressure on ETH prices.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.