strong buy
Whale Bets Big on Ethereum Short
A significant whale has taken a short position on Ethereum with a size of approximately 19,424.5 ETH, entering at around $2,967.9. The liquidation point is set at about $3,322.09, with a leverage of 25x on cross margin mode. The whale's margin balance is roughly $2.3 million, and the current position value exceeds $57.5 million, showing an unrealized profit of about $75,798. The absence of funding fees indicates no cost for holding this position at present.
Source available for registered users Sign Up Free
AI Analysis
The whale's large short position on ETH suggests a bearish outlook on the cryptocurrency's near-term price trajectory. With a sizeable margin and high leverage, this move indicates confidence that ETH...
AI Recommendation
Given the whale's significant short position on ETH with high leverage, investors should exercise caution. This large bearish stance could indicate potential downside risks in the ETH market, especial...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.