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Crypto@EmberCN on XFiled 38 h ago

A post by @EmberCN on X.

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A whale closed over $100 million in long positions on Binance at a profit of $17.78 million and immediately flipped to opening a 20,000 ETH short, according to on-chain analyst @EmberCN. The trader added another 10,000 ETH to the short at $2,430 on Tuesday afternoon, catching the subsequent price drop. The position now totals 30,000 ETH (about $66.9 million) at an average entry of $2,283, with unrealized gains of roughly $1.59 million. The move highlights how large traders are positioning for further ETH downside after locking in gains on the long side. Traders will watch whether the whale keeps scaling the short or begins taking profit if ETH rebounds toward the $2,283 average.

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ETH (ETH), Binance, EmberCN, Bitget

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