On April 7, Hyperinsight monitoring showed that a whale address starting with 0x610, after closing a long position with stop-loss, established an ETH short position over the past 10 minutes at 25x leverage, with an average price of $2,100 and a size of 3,000 ETH, approximately $6.3 million; subsequently, it opened a BTC short position at 17x leverage, with an average price of $68,550 and a size of 140 BTC, approximately $9.6 million.
Whale Opens $11.7M BTC and ETH Short Positions
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Summary
Whale activity was observed on April 7 as a major player with address 0x610 opened short positions in ETH and BTC. After closing long positions, the whale established a 25x leveraged ETH short at $2,100 for 3,000 ETH, totaling $6.3 million. This was followed by a 17x BTC short at $68,550 for 140 BTC, valued at $9.6 million. These moves indicate a strategic focus on key support and resistance levels within the current market structure.
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