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Recently, a well-known trader AguilaTrades has once again attracted market attention. In just 10 minutes, this trader consecutively increased his short positions on Ethereum (ETH).
According to on-chain data, AguilaTrades has currently opened a short position of 26,000 ETH with a leverage of 15 times. The market value of this position reaches 111 million USD, with an opening average price of 4,219 USD. It is worth noting that if the ETH price rises to 4,435 USD, this large short position will face liquidation risk.
This trading behavior indicates that the trader has a pessimistic view of Ethereum's price trend in the short term. However, such a large-scale and high-leverage operation also brings significant risks.
Market participants are closely monitoring this trend, as such a large-scale transaction could significantly impact the price of ETH. At the same time, it has also sparked discussions about the current sentiment in the cryptocurrency market.
Although the actions of large holders often provide some guidance to the market, investors still need to be cautious, manage risks well, and avoid blindly following. The high volatility of the cryptocurrency market means that situations can change at any time.