whale long position
A significant long position in Ethereum ($ETH) held by a whale has been liquidated, indicating a shift towards bearish sentiment in the market. This liquidation occurred overnight, marking a notable change in trading behavior. Abraxas Capital, which has maintained a short position for nearly five months, has seen its strategy turn profitable today. The recent market movements suggest a growing trend among traders to adopt bearish positions. This shift may reflect broader market conditions impacting investor confidence in Ethereum.
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