ETH Whale: Adds Short on Aave Post $1700 Break
ETH whale adds 10000 ETH short on Aave after $1700 break, now short 35388 ETH at $1682 avg with $1.1M unrealized loss at $1717.94.
SourceAnalysis
ETH whale expanded its Aave short after Ethereum broke $1700, pulling 45.495 million USDT from Binance to collateralize another 10000 ETH borrow worth roughly 17.25 million dollars and lifting total shorts to 35388.4 ETH at 1682.14 average entry with 1.098 million dollars floating loss. The position sits 1.56 billion dollars in stablecoin collateral and faces liquidation only above 3453.36, continuing the history of large ETH whale short positions on Aave amid examples of Ethereum short squeeze after geopolitical events like the recent war conclusion. At the current 1717.94 price, with price testing upper Bollinger resistance at 1710.85 while RSI sits at 63.21 and MACD prints a bullish golden cross, a healthy retracement toward the EMA50 support at 1689.03 looks probable before any further continuation.
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