ETH Whales Dem Short Reach 7,692 ETH as Profit Don Hit $4.62M
For Nov 5, on-chain analysis show say one big ETH whale add 259.83 ETH to im Ethereum short position, e bring total shorts reach 7,692.77 ETH with average entry of $3,300.7 and liquidation price wey just $58 above market. Dis move show say bearish sentiment dey rise and big holders dey face liquidation risk.
By Nov 10, after Ethereum small fall to $3,600, di whale unrealised short profit jump to $4.62 M, with $3.1 M gain for week plus total $102 M. Crypto traders need dey watch dis ETH whale position and the important $3,600 support level for potential volatility and trade chances.
Bearish
Dis news dey show say Ethereum get big bearish outlook, as one major ETH whale don dey increase im short position steady steady and don make plenty unrealized profit. The short exposure don grow reach 7,692.77 ETH at average price of $3,300.7, with liquidation price just $58 above market, which mean say liquidation risk dey high and pressure to go down still dey. For short term, Ethereum fit face more wahala with volatility around $3,600 support level as traders dey react to possible forced liquidations. For long term, if whale dem keep bearish, e fit limit rallies and reduce upside chance unless big buying interest show face.