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Trader Eugene: Has reduced the size of ETH short positions

2025-03-07 14:50:08

ChainCatcher message, top trader Eugene posted in his personal channel that he has reduced the size of his ETH short position.

Previously, Eugene stated that he shorted Ethereum at a price of $2170—he doesn't understand why the market did not react to the "nuclear explosion-like drop," but since this situation is unlikely to occur later today with the best-case announcement, he decided to seize this opportunity. The fundamental situation is that ETH will eventually drop below $2000, but for now, this is just a small profit-taking operation.

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