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ETH whale big move: 937 short positions with unrealized losses, high-frequency batch strategy draws attention
【Blockchain Rhythms】According to the on-chain data monitoring platform report, at 14:02 on January 21, a trader shorted 937 ETH with 3x leverage, with an average entry price of $2,988.45, and currently holding a small loss.
This trader’s trading style is quite meticulous. Using high-frequency, incremental position building, the entire strategy is focused solely on ETH shorting. In terms of position management, they employ a mix of full-margin leverage and isolated margin, demonstrating professional risk control awareness. Most notably, strict stop-loss discipline has become a hallmark of their trading—such self-discipline is uncommon in leveraged trading.
The appearance of such large short positions often indicates market participants’ bearish outlook on short-term prices and provides important market reference signals for other traders.