An investor known as pension-usdt.eth shifted from a long Ethereum exposure to a short position, employing threefold leverage to short 20000 ETH at entry. The move signals a bearish stance on Ethereum and is linked to Binance. Details of the transaction were not disclosed.
The lack of disclosure leaves questions about the timing and the exact leverage used. This development highlights ongoing activity in ETH derivatives and leveraged bets as market participants reassess risk and sentiment. Traders will be watching Ethereum price action and related products for further moves.
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