Be confident, sharks made a big win when shorting 78k ETH have reduced half of their position and are gradually closing short BTC positions in a secondary account, accepting a loss of 3 million USD.
In this market, being short gets liquidated a lot, don't rush too much, there are deep drops but looking at the time line, there is still an upward trend.
This whale, after a big win from the short order #ETH , has turned to short #BTC . However, it seems that was not a wise choice as it is currently facing a significant loss https://hypurrscan.io/address/0x1b526ff54f9f66c777fd34b7a802bb8d216ed41b
This mega whale has reduced half of its short position worth 78k $ETH down to 39k. But at the same time, it has pushed more into a secondary account to short $BTC. I don't quite understand this move. If they are right, then ETH will be the next target for a pump after SOL, XRP, and BNB have reached their ATH.
This whale has earned over 1 million $ from a capital of 680k$ He is the one who shorted 520M$ and made a profit of 7.4M$. In the past 30 days, he has earned over 10M$ through trades with very high risk, with the liquidation price only about 2% away from the entry price.
The market is really ridiculous :) When there are negative economic news, coins dump quickly. When the FED chairman says the health of the US economy is still good, coins also dump again quickly #BTC #ETH
Senator Cynthia Lummis has been elected Chair of the US Senate Banking Subcommittee on Digital Assets. She is a supporter of the BTC Strategic Reserve. CZ is also very excited about this. $BTC $ETH President Trump also said HE WILL MAKE 🇺🇸 U.S. THE WORLD CAPITAL OF AI AND CRYPTO
Increase or decrease is entirely decided by the market makers, and they need a reason. Two days ago, the reason for the decrease was the jobs report, today it rebounds because the reason is the CPI decrease :)