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It’s actually possible to see ETH leading🥹
$ETH quietly outperform the US stock market index; the biggest short “pension-usdt.eth” is down by $11.1M
On July 16, according to monitoring by a data platform, US stock indexes closed flat overnight. Storage and semiconductors saw a concentrated pullback, with Micron and SK Hynix ADRs both closing down more than 8%. Meanwhile, ETH rose again by about 2.9% to around $1,922.15, continuing to outperform the US stock market and the semiconductor benchmark
The top ETH short whale 🐳 “pension-usdt.eth” is currently using 3x full-position leverage to short 50,000 ETH, with a notional size of about $96.11M. The opening average price was $1,700.06, and the position is currently at a floating loss of $11.1M (−39.2%). The liquidation price is about $2,176.25, which is about 13.2% away from the current price.