Huoxing Finance reports that, according to Hyperinsight monitoring, a whale wallet starting with 0x610, after closing a long position with stop-loss, established an ETH short position with 25x leverage over the past 10 minutes at an average price of $2,100, totaling 3,000 ETH, approximately $6.3 million; shortly afterward, the same wallet opened a BTC short position with 17x leverage at an average price of $68,550, totaling 140 BTC, approximately $9.6 million.
Whale Opens $15.9M BTC and ETH Short Positions with Leverage
MarsBitShare
Summary
On April 7, whale activity saw a major player with address 0x610 open short positions in ETH and BTC after closing long positions. The whale used 25x leverage to short 3,000 ETH at $2,100, totaling $6.3 million. Later, a 17x leverage short position in BTC was opened at $68,550, valued at $9.6 million. Whale activity remains a key indicator of market sentiment.
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