🐋 A trader just placed a bet of over 100 million USD on the $ETH bearish scenario!
On-chain data shows that the address 0x50b3 has opened a Short position of 47.604 ETH with 23x leverage, equivalent to a size of about 100.33 million USD.
📊 Notable details:
• Position: Short ETH
• Volume: 47.604 ETH
• Size: 100.33 million USD
• Leverage: 23x
• Liquidation price: 2,149.84 USD.
👀 This is one of the largest Short ETH positions that have appeared recently. With such high leverage, if ETH rises by a significant amount, this trader could face considerable liquidation pressure.
🔥 While many whales are seizing the opportunity to buy the dip on ETH after the recent correction, this trader has chosen to bet on a bearish scenario. This indicates that the market is still highly divided on Ethereum's short-term trend.
#ETH #Ethereum #Onchain #Crypto
On-chain data shows that the address 0x50b3 has opened a Short position of 47.604 ETH with 23x leverage, equivalent to a size of about 100.33 million USD.
📊 Notable details:
• Position: Short ETH
• Volume: 47.604 ETH
• Size: 100.33 million USD
• Leverage: 23x
• Liquidation price: 2,149.84 USD.
👀 This is one of the largest Short ETH positions that have appeared recently. With such high leverage, if ETH rises by a significant amount, this trader could face considerable liquidation pressure.
🔥 While many whales are seizing the opportunity to buy the dip on ETH after the recent correction, this trader has chosen to bet on a bearish scenario. This indicates that the market is still highly divided on Ethereum's short-term trend.
#ETH #Ethereum #Onchain #Crypto