An ETH and BTC swing trader with an 81% win rate deposits $5 million USDC margin to an address shorting ETH
According to Foresight News, Ember monitoring has identified that the address shorting ETH on July 12 belongs to a swing trader of ETH and BTC with an 81% win rate. This whale transferred 5 million USDC to the address used for shorting ETH five hours ago as additional margin. The trader began shorting ETH on July 12 when the price was $2,969, and on July 14, fully liquidated their spot ETH holdings at a price of $3,051, switching to a fully naked short ETH position.
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