Ethereum Whale ‘Gun Cang Ge’ cut 2,000 ETH position, bring down di liquidation price by $10
One on-chain analyst tok say as market dey fall on August 25, one big Ethereum whale wey dem dey call “Gun Cang Ge” cut small portion of im 2,000 ETH position. Dis move reduce di liquidation price from $4,668 go $4,658, make margin call risk low small. Di whale still get 23,100 ETH for leveraged position wey back by $740,000 margin, and e get unrealized profit of $2.63 million on top $108 million notional. Dis adjustment na how e dey manage risk as Ethereum price dey waka up and down, and e still get long-term bullish belief.
Neutral
Dis partial liquidation na represent wan risk-management tactic, no be wan sharp market signal. By close 2,000 ETH and reduce di liquidation threshold, di whale dey hedge against any further downside but still get big long position. Similar behavior wey dem see before during volatility no really change how Ethereum dey trend quickly. Traders usually see dis kind movement as neutral, e show say dem cautious but e no change long-term bullish feeling.