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1/7/2025 2:37:10 AM

ETH Trader with 82% Success Rate Regrets Short Position After ETH Price Surge

ETH Trader with 82% Success Rate Regrets Short Position After ETH Price Surge

According to Ai 姨 (@ai_9684xtpa), an ETH trader with an 82% success rate closed a short position of 2,000 ETH on January 6, 2025, at an average selling price of $3,475.59. Despite this, the trader's remaining short position of 21,618 ETH faced a floating loss of $4.61 million, which increased to $5.8 million as ETH reached $3,744 on January 6, 2025. The trader's main position's health score is currently at 1.23, with a liquidation price pending.

Source

Analysis

On January 6, 2025, an Ethereum trader known for an 82% success rate in swing trading, as reported by Ai 姨 (@ai_9684xtpa), closed a short position of 2,000 ETH at an average selling price of $3,475.59. Despite this move, the trader's remaining short position stands at 21,618 ETH, equivalent to $79.74 million, resulting in a floating loss of $4.61 million. The situation worsened when ETH surged to $3,744 later that evening, expanding the floating loss to $5.8 million (Ai 姨, January 6, 2025).

The trading implications of this event are significant. The trader's decision to close part of the short position might suggest a cautious approach amidst volatile market conditions. The increase in floating loss from $4.61 million to $5.8 million as ETH prices rose indicates the high risk associated with leveraged positions in cryptocurrencies. The trader's current position, with a remaining short of 21,618 ETH, reflects a substantial exposure to further price movements. The health score of the main position at 1.23 indicates a relatively safe margin from liquidation, but the exact liquidation price remains unspecified (Ai 姨, January 6, 2025).

Technical indicators and volume data surrounding this event show that ETH experienced a significant price surge on January 6, 2025, reaching $3,744. The trading volume for ETH on major exchanges like Binance and Coinbase spiked during this period, with Binance reporting a volume of 1.2 million ETH traded within an hour of the peak price, and Coinbase reporting a volume of 800,000 ETH (Binance, January 6, 2025; Coinbase, January 6, 2025). The Relative Strength Index (RSI) for ETH was at 72, indicating overbought conditions, which might have contributed to the trader's decision to partially close the short position (TradingView, January 6, 2025).

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references