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A renowned crypto assets investor has recently drawn attention in the market once again. This investor has increased their short positions in Ethereum (ETH) in the past few hours, expanding their total position to 40,000 coins of ETH.
According to on-chain data, the investor started shorting 20,000 ETH at a price of $3,843 on July 28. As the price of ETH dropped, this operation has already brought him approximately $7.5 million in unrealized gains. After tasting success, the investor did not stop there. Early this morning, he increased his short positions by another 20,000 ETH at a price of $3,535.
Currently, the overall position of this investor is as follows:
- 15x leverage short positions on ETH a total of 40,000 coins
- The total value of the position is approximately 140 million USD.
- Average opening position price is $3,689
- Liquidation price at $3,717
This large-scale short positions operation will undoubtedly bring greater downward pressure to the ETH market. However, considering the high volatility of the crypto assets market, the situation may still change dramatically. Investors are closely following the subsequent movements of this 'whale' and the potential chain reactions it may have on the entire market.
In any case, this large-scale trading activity once again highlights the significant influence that individual big players can exert in the Crypto Assets market, and it reminds ordinary investors to remain cautious and manage risks when trading.