A smart money address plans to switch to shorting ETH around $4914.9
According to Jinse Finance, on-chain analyst Ai Aunt (@ai_9684xtpa) has monitored that a smart money address, which previously went long on ETH with 25x leverage after the flash crash on October 11, has now set a take-profit plan. This address expects to open short positions at $4,914.9, which is near ETH's all-time high. The address has placed a total of 29,713.8152 ETH sell orders in the $4,190 to $5,555.5 range. The specific strategy is as follows: currently holding 15,689.44 ETH long positions; gradually taking profits as ETH rises to the $4,190 to $4,914.9 range; once ETH breaks above $4,914.9, short positions will be opened. If the price rises to $5,555.5, up to 14,024.37 ETH short positions will be opened, valued at approximately $77.91 million.
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