The post ETH Sees 82% Swing Trading Success as Whale Launches Major Leverage Short Operation appeared on BitcoinEthereumNews.com.

According to recent analysis by COINOTAG News, Ethereum (ETH) has shown a strong success rate of 82% in swing trading, highlighting its growing potential in the market. Notably, a significant whale player has initiated a strategic move by borrowing substantial assets for a short position. This involved a deposit of 84.46 million USDT on the Aave platform, in exchange for borrowing approximately 10,612.59 WETH, equating to around $36.19 million. Following this transaction, the whale executed a sale on-chain at an average price of $3,384.30 per ETH, effectively commencing what appears to be the first comprehensive leverage strategy in recent times. These developments underscore the increasing sophistication of trading behaviors within the Ethereum ecosystem and reflect on broader market trends. Source: https://en.coinotag.com/breakingnews/eth-sees-82-swing-trading-success-as-whale-launches-major-leverage-short-operation/

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Filed under: News - @ January 2, 2025 6:13 am