Trader Opened Short Bitcoin and Ethereum 5 Hours Before Cryptocurrency Crash!

A cryptocurrency investor attracted attention by opening a large amount of Bitcoin (BTC) and Ethereum (ETH) short positions before the sudden drops in the early hours today.

Bitcoin (BTC), 04.00 – 05.00 in the morning CET experiencing serious activity in its waters $40,500 He wicked up to his levels. This price movement also brought a decline for altcoins. what happened only about 5 hours before the falls An investor who opened a large amount of short was caught on the radar.

Reported by on-chain analysis platform Lookonchain to data According to the above mentioned “smart investor”, the average Bitcoin short worth $1.5 million at $43,800 and average Ethereum short worth $3 million at $2,350 opened the position. Investor’s current profit 200 thousand dollars It’s around.

Same wallet 46 times before decentralized exchange GMX (GMX) carried out transactions on it and these transactions 16 of them are successfulHe was dead. Using an average of 14x leverage per transaction, this wallet also averages its positions. 7 days carried for a while.

According to CoinGecko data, Bitcoin has increased in the last 24 hours. 42,206, down 3.8% from dollars If Ethereum down 4.5% at $2,239 finds buyers.


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