ChainCatcher report, according to HyperInsight monitoring, a swing whale has initiated a short position on ETH, currently shorting 42.59 ETH with 3x leverage at an average entry price of $2,020.61. The whale is still maintaining a 3x leveraged short position on 1,000 BTC, with an unrealized loss of $1.004 million, and a long position in crude oil with an unrealized loss of $54,000.
Whale initiates ETH short position at an average price of $2,020.61
ChaincatcherShare
Summary
A whale has opened a short position in ETH as part of a broader trading strategy, using 3x leverage to short 42.59 ETH at an average price of $2,020.61. The same whale is also shorting 1,000 BTC with 3x leverage, currently facing a floating loss of $100,400. Position sizing appears to be a key element of the whale’s strategy, as it also holds a long position in crude oil with a $54,000 floating loss.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.