sell

Whale's Large Short ETH Position Signals Potential Downward Trend

The whale's short position on ETH amounts to -4221.5931 ETH, entered at a price of $2423.54, with a liquidation threshold at $2472.2241. Utilizing 25x leverage on cross margin mode, the margin balance is approximately $409,207, while the position's total value exceeds $10 million. The unrealized profit and loss is roughly $1,027, indicating a slight gain thus far.
Source available for registered users Sign Up Free

AI Analysis

The whale's prominent short position involving over 4,200 ETH highlights a bearish outlook on Ethereum's price movement. Entered at around $2,423.54, this position's liquidation point is set at approx...

AI Recommendation

Given the whale's substantial short position at high leverage, it suggests bearish sentiment but also presents risks if ETH's price unexpectedly moves upward. Traders should exercise caution and avoid...

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.

You might also be interested in: