Whale shorting $ETH
A whale has shorted 20,000 $ETH using 2x leverage, indicating a significant move in the cryptocurrency market. This action reflects ongoing trading strategies among large investors. Shorting involves borrowing assets to sell them at current prices, with the intention of repurchasing them later at a lower price. The use of leverage amplifies both potential gains and risks, making it a high-stakes strategy. The recent shorting activity suggests that this whale anticipates a decline in the value of $ETH.
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