According to Foresight News, based on Yuji monitoring, the address that shorted ETH on July 12 belongs to an ETH and BTC swing trader with an 81% win rate. The whale transferred 5 million USDC as margin supplement to the address shorting ETH 5 hours ago. The trader started shorting ETH on July 12 when the ETH price was $2,969 and closed out their spot ETH position on July 14 when the ETH price was $3,051, switching to a naked short ETH position.
ETH and BTC swing trader with 81% win rate transfers 5 million USDC margin to his short ETH address
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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