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🐳 On-chain whales are shorting TAO and have already made over $5,000
Just saw a large contract order of $TAO :
🔻 Direction: Short
📦 Quantity: 3,283.3 units
💰 Value: 1.02 million USDT
⚙️ Leverage: 5x full position
📉 Entry average price: $312.93
💸 Current unrealized profit: +$5,093.89
🔥 Liquidation price: $2,308.13
🧠 The whale is heavily shorting near $312; currently it’s a small profit. His liquidation price is at $2,308.13, so unless TAO rises to over $2,300, it’s basically impossible.
But don’t forget—TAO has often seen both long and short liquidations in the past: it rises and gets liquidated, and it falls and gets liquidated, harvesting traders back and forth.
⚠️ Reminder: Don’t blindly follow trades; a whale’s actions may not be suitable for you.
$TAO