COINOTAG reported on January 17th that a prominent cryptocurrency whale has made notable moves in the market by shorting both Bitcoin (BTC) and Ethereum (ETH) simultaneously. In a span of just thirty minutes, this investor has escalated their BTC short position to 200 coins, amounting to approximately USD 20.76 million, at an average short price of USD 102,376. Concurrently, the whale has taken a significant position against Ethereum, shorting 5,000 ETH at an average price of USD 3,442. The cumulative value of these short positions has reached nearly USD 37.96 million, indicating a substantial bearish outlook on these leading cryptocurrencies. Furthermore, the investor’s Aave borrowing health has seen a sharp decline, dropping to 1.85, suggesting increased risk in their leveraged positions.
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