Former CFO of decentralized autonomous organization (DAO) Frog Nation and famous investor sifu.eth increased its short positions in Ethereum (ETH) to 20 million.
According to data from crypto analytics platform Perps Watcher, former CFO sifu.eth is in Ethereum futures contracts. 20 million dollars worth short directional By taking a position, he bet against a possible loss of value.
Former CFO’s position With 4.04x leverage It was seen that he took it. Investor added for 13 days The starting price of the position is currently $1,626 while the liquidation price is recorded as $1,991.06 It looks like it is.
Not realized in the position currently opened by sifu.eth 44 thousand dollars loss is available.
Although the former CFO’s position was interpreted as expecting a decline in Ethereum, financial hedging It is also possible that he did it for.
There are investors who believe that there will be a decline in the cryptocurrency ecosystem similar to sifu.eth. A cryptocurrency whale today after 4 years of inactivity 4.18 million dollar Ethereum (ETH) He had sold it.
According to CoinGecko data, Ethereum lost 0.8% in value in the last 24 hours, as of writing. $1,630 It is traded at .