A whale with a win rate of 85% cleared out its ETH short position and turned to holding the coin for a bullish trend
A well-known trader with an 85% success rate has recently adjusted their trading strategy by closing all ETH leveraged short positions and switching to a long position. Currently, the address holds 33,334.97 WETH, worth approximately $108 million. At the same time, the trader has increased their short position in Bitcoin, currently shorting 740.1 WBTC, worth around $77.32 million, with an average shorting price of $104,297 and a current unrealized loss of approximately $127,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Slides to $80,000, Ethereum at Year-Long Lows as Risk-Off Sentiment Mounts
Outflows Continue from US-Listed Bitcoin (BTC) and Ethereum (ETH) Spot Exchange Traded Funds (ETFs)! Here Are the Details
Outflows from US-listed Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) continue.
Attention XRP Community: Ripple Announces New Partnership With a Surprise Country!
Ripple has announced a partnership with South Korean giant BDACS to support institutional custody for XRP and Ripple USD.
CryptoQuant Comments on the Fall in Bitcoin (BTC)! Shakeout or Crash?
CryptoQuant CEO Ki Young Ju said it is too early to panic about Bitcoin.
Trending news
MoreCrypto prices
More








