ETH Short Positions Surge: Over 23,500 ETH Held with $59.28 Million in Value

COINOTAG News reports on May 18th that recent HypurrScan data reveals a significant movement in Ethereum (ETH) positions. The wallet known for executing a substantial 25x short on ETH has closed around 18,300 ETH from its previous short positions. This wallet currently retains approximately 23,537 ETH short, equating to a position value of about $59.28 million. The entry price for these positions was noted at $2,514, with the liquidation threshold set at $2,540.7. These figures indicate a tactical approach to market fluctuations, emphasizing the intricate dynamics of crypto trading. Traders are advised to monitor these developments closely, as they may reflect wider market sentiments.