A major trader has just positioned two substantial short positions: $99.95 million in ETH and $52.42 million in BTC. Interestingly, buy-back orders for the Ethereum short have been strategically placed in the $2,400-$2,600 range. This move suggests the whale expects potential downside movement in the near term. The specific exit pricing tells us something about their market outlook—are we heading lower from here?
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BearMarketSurvivor
· 9h ago
Wow, this whale's move is really ruthless.
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DefiOldTrickster
· 9h ago
Uh... this whale strategy is pretty interesting. Spending 100 million on ETH short positions, this guy is clearly not just practicing.
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StakeOrRegret
· 9h ago
Is this move by the whale a bit too obvious... Just openly showing 2400-2600, aren't they afraid of being counter-sniped?
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GasGuzzler
· 9h ago
Another big whale dumps, this time directly emptying over 100 million ETH. Truly never-ending.
A major trader has just positioned two substantial short positions: $99.95 million in ETH and $52.42 million in BTC. Interestingly, buy-back orders for the Ethereum short have been strategically placed in the $2,400-$2,600 range. This move suggests the whale expects potential downside movement in the near term. The specific exit pricing tells us something about their market outlook—are we heading lower from here?