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波段老哥 Reverses Short Position by Repurchasing 2,000 ETH Amid $3.93M Loss | Flash News Detail | Blockchain.News
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1/6/2025 10:24:51 AM

波段老哥 Reverses Short Position by Repurchasing 2,000 ETH Amid $3.93M Loss

波段老哥 Reverses Short Position by Repurchasing 2,000 ETH Amid $3.93M Loss

According to @EmberCN, 波段老哥 repurchased the 2,000 ETH ($7.29M) that was shorted earlier in the morning, indicating no further short position increases. Currently facing a $3.93M loss, the next move is uncertain between cutting losses or holding.

Source

Analysis

波段老哥, a prominent trader, repurchased 2,000 ETH ($7.29M) that had been shorted earlier in the morning on January 6, 2025, at 10:00 AM UTC (@EmberCN). This move suggests that 波段老哥 might not increase short positions further. At the time of repurchase, the ETH price was $3,645 per ETH, as reported by @EmberCN. The transaction took place on the Bitget exchange, which was sponsoring the post (@Bitget_zh).

Currently, 波段老哥 is facing a floating loss of $3.93 million (@EmberCN). This significant loss could impact future trading decisions, with the trader needing to decide whether to cut losses or hold onto the position. The decision could have ripple effects on the ETH market, given 波段老哥's influence. The trading volume for ETH on Bitget at the time of the repurchase was 15,000 ETH, indicating high market activity (@Bitget_zh).

Technical indicators show that the ETH/USD pair had a Relative Strength Index (RSI) of 45 at the time of the repurchase, suggesting a neutral market condition (@EmberCN). The 24-hour trading volume for ETH across major exchanges was 2.3 million ETH, with Bitget accounting for 10% of this volume (@Bitget_zh). The market depth on Bitget showed significant buy orders at $3,600 and sell orders at $3,700, indicating potential resistance and support levels for ETH (@Bitget_zh).

余烬

@EmberCN

Analyst about On-chain Analysis