TechFlow, Oct 27 — According to on-chain analyst Ai Aunt (@ai_9684xtpa), a smart money address that previously went long on ETH with 25x leverage before the flash crash on October 11 has now set up a profit-taking plan. The expected short entry point is at $4,914.9, near ETH's all-time high.
The address has placed sell orders totaling 29,713.8152 ETH in the price range of $4,190 to $5,555.5. The specific strategy is as follows:
Currently holding 15,689.44 ETH long position;
Will gradually take profits when ETH rises between $4,190 and $4,914.9;
If ETH breaks above $4,914.9, it will open short positions; if price reaches $5,555.5, it may short up to 14,024.37 ETH, worth approximately $77.91 million.
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