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I just realized that the address for shorting ETH on the 12th is actually the swing trading master with an 81% win rate on swing trading ETH and BTC 😂:
The swing trading brother's address transferred 5 million U to this shorting ETH address for margin replenishment 5 hours ago.
In other words, he started shorting ETH at $2,969 on 7/12 and then liquidated his spot ETH at $3,051 on 7/14, turning it into naked short ETH.
He sells ETH