ME News reports that, on August 5 (UTC+8), on-chain analyst Ai Yi (@ai_9684xtpa) monitored a trader who used 10x leverage to exclusively short ETH, earning $600,000 over 10 days with an 80% win rate. Address 0xd9a…8bbf3 has executed 20 ETH short trades since July 27, with approximately half of these positions held for around one hour. Ten minutes ago, this address opened another short position of 14,519.62 ETH, worth approximately $27.21 million, at an average entry price of $1,874.20. (Source: BlockBeats)
Whale Shorts 14,519.62 ETH Worth $27.21M Amid High-Win-Rate ETH Trading Strategy
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Summary
Whale activity saw a significant move as address 0xd9a…8bbf3 opened a large ETH short position of 14,519.62 ETH, worth $27.21 million, on August 5 (UTC+8). Over the past 10 days, the whale executed 20 ETH short trades with an 80% win rate, earning $600,000. The latest position was entered at an average price of $1,874.20. Position trading strategies are clearly being employed as the whale continues to accumulate large ETH short positions.
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