Ethereum Whales Adjust Short Positions Amidst Morning Pullback: Key Insights on ETH Movements

COINOTAG News reports on August 18th that recent activity observed by HyperInsight highlights significant adjustments made by two prominent short-selling whales during a recent pullback in ETH prices. The whale identified by the address beginning with 0x20c2d9 has significantly curtailed its ETH short position by $802,400, resulting in a current unrealized loss of – $21,035,800. This account now faces a liquidation price set at $6,074.602. Similarly, another whale, recognized by its address starting with 0x8e0969, has decreased its short holdings by $802,500, with an unrealized loss of approximately – $1,702,200. The liquidation threshold for this position stands at $7,269.400. Such movements further reflect the volatility currently experienced in the cryptocurrency market.