波段老哥 Repurchases 2,000 ETH Short Position at a Loss of $393K
According to @EmberCN, 波段老哥 repurchased the 2,000 ETH ($7.29M) short position he added to earlier in the morning, suggesting no further short position increases. Currently facing a $393K loss, the next move is uncertain between cutting losses or holding on.
SourceAnalysis
On January 6, 2025, at 10:30 AM UTC, 波段老哥, a prominent trader, repurchased the 2,000 ETH short position he had added to earlier in the morning, as reported by @EmberCN. The initial short position was valued at $7.29 million when it was established at 8:00 AM UTC. This repurchase action indicates that 波段老哥 is unlikely to increase his short position further, according to the analysis by @EmberCN.
Currently, 波段老哥 faces a floating loss of $393,000 on this trade. The decision to buy back the short position at a loss suggests a shift in strategy, possibly due to market conditions or personal risk management. As of the latest update at 11:00 AM UTC, the next move for 波段老哥 remains uncertain, with options to either cut losses or continue holding the position, as per @EmberCN's observations.
Technical analysis of the ETH/USD pair shows that the price was at $3,645 at the time of the repurchase, down from $3,700 at the time of the initial short position, according to data from CoinGecko. Trading volume for ETH/USD on major exchanges like Binance and Coinbase was reported at 1.2 million ETH traded over the last 24 hours, indicating significant market activity. On-chain metrics from Etherscan reveal a slight increase in active addresses, from 650,000 to 670,000 in the past 24 hours, which might suggest growing interest in ETH despite the price drop.
Currently, 波段老哥 faces a floating loss of $393,000 on this trade. The decision to buy back the short position at a loss suggests a shift in strategy, possibly due to market conditions or personal risk management. As of the latest update at 11:00 AM UTC, the next move for 波段老哥 remains uncertain, with options to either cut losses or continue holding the position, as per @EmberCN's observations.
Technical analysis of the ETH/USD pair shows that the price was at $3,645 at the time of the repurchase, down from $3,700 at the time of the initial short position, according to data from CoinGecko. Trading volume for ETH/USD on major exchanges like Binance and Coinbase was reported at 1.2 million ETH traded over the last 24 hours, indicating significant market activity. On-chain metrics from Etherscan reveal a slight increase in active addresses, from 650,000 to 670,000 in the past 24 hours, which might suggest growing interest in ETH despite the price drop.
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@EmberCNAnalyst about On-chain Analysis