The winning rate is 83%, and the whale goes short! Opened a $36 million ETH short position
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According to the on-chain data shared by user X @ai_9684xtpa, a whale skilled in short-term trading has conducted two short-term ETH trades in the past two days, realizing a profit of over $2.6 million. Statistics show that this whale has conducted 23 swing trades since April 2024, with a cumulative realized profit of $7.191 million.
However, after closing his long position on ETH this morning, the same address started shorting ETH three hours ago. According to the information tracked by @ai_9684xtpa, the address deposited 84.46 million USDT on Aave two hours ago and borrowed 10,612.59 WETH (approximately $36.19 million), subsequently selling it all on-chain at an average price of $3,384.3. At the time of writing, the market price of ETH is around $3,400.
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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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