According to on-chain data from analyst Ember, a prominent whale trader has established a short position of 40,000 ETH with 15x leverage, valued at approximately $102 million. This position, entered at an average price of $2,793 per ETH, currently holds an unrealized profit of $9.42 million. The liquidation threshold is set at $2,939, indicating a carefully managed risk profile. This data underscores the significant influence of large-scale traders on Ethereum’s market dynamics and highlights the importance of monitoring leveraged positions for market sentiment insights. Such strategic moves by high-net-worth investors can provide valuable indicators for institutional and retail participants alike.
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