Trader Eugene: Has reduced the size of ETH short positions
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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