High Leverage Move: Over 600 ETH Shorted
On January 30, according to monitoring data from HyperInsight, a trader shorted 601.94 ETH with 25x leverage at an average entry price of $2,730.93. The position is currently showing a slight profit.
Notably, this trader favors high-leverage shorting strategies and has been very active in large-scale trades recently, demonstrating strong market insight and risk management skills.
Why Short ETH with High Leverage?
While high leverage trading increases risk, it also amplifies potential returns. This trader's decision to short ETH might be based on several factors:
- Potential downside pressure on ETH in the short term
- Market sentiment turning cautious
- Technical indicators suggesting a possible price correction
Historically, this trader has shown a strong ability to accurately time bearish market movements.