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Bitcoin OG Address 1011 suddenly turned: 5x leverage shorting 5000 ETH
[Coin World] On November 29, an interesting development: the Bitcoin OG Address 1011short, known to everyone in the circle, suddenly changed its stance.
This time I directly opened a 5x leverage short position, targeting ETH, with a significant size—exactly 5000 coins, which is approximately 15.04 million USD at the current price. More importantly, the liquidation price for this position is set at 5056.5 USD.
From long to short, what judgment might be hidden behind this operation? Is the market about to change or is it simply a hedging strategy? In any case, this scale of action is worth paying attention to the subsequent trends.