An individual short position has been established on $ETH, with a value of $12,000 and 34x leverage. This represents a high-conviction trade with elevated risk.
The primary thesis for this SHORT is an anticipated move towards the $2,100 price target for $ETH. Current market signals are being interpreted as bearish. 📉
Many observers believe the market is entering an official bear phase. Such high-leverage strategies are suited for experienced traders who understand the associated risks. 🐻
Bearish outlooks on $ETH and $SOL are influencing trading strategies for some participants. Always perform thorough due diligence before making investment decisions.
