ETH short position
A whale has opened a significant short position of $100 million in Ethereum using 25x leverage, which has led to an unrealized gain of $638,000. The whale’s strategy revolves around anticipating price movements in the cryptocurrency market. By employing such high leverage, the position magnifies both potential profits and risks. Currently, the unrealized gains reflect fluctuations in the price of Ethereum since the position was initiated. Investors often view such substantial positions as indicators of market sentiment, potentially impacting trading behavior.
