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$12,000 floating loss dilemma: How did this whale turn the tables in ETH short positions?
【Blockchain Rhythm】An active whale just closed a short position of 1004 ETH this afternoon, earning a profit of $32,000. It looks good, but the current account status is not very optimistic—there is still an unrealized loss of $119,000.
The trading style of this address is quite distinctive. 3-10x leverage is its usual operating range, and recently its activity frequency has been very high. LIT and ETH are the main trading pairs of interest. Especially ETH, with a very concentrated trading density. While betting on high leverage, it also has to absorb such unrealized losses. This whale’s mindset is probably being tested.