Prominent Trader Increases Short Position on Ethereum

According to Foresight News, a notable trader with an 81% success rate in Ethereum (ETH) and Bitcoin (BTC) trading has been identified as the owner of an address that shorted ETH on July 12. This trader recently transferred 5 million USDC to the shorting address as additional margin. The trader initiated the short position when ETH was priced at $2,969 and liquidated their spot ETH holdings on July 14, when the price reached $3,051, opting for a naked short position instead.