Ethereum Investor Initiates Short Selling Strategy

According to PANews, a prominent Ethereum investor with a historical success rate of 82% in trading has begun a short selling strategy. The investor has pledged $84.46 million USDT on Aave to borrow 10,612.59 WETH, valued at approximately $36.19 million. The entire amount was sold on-chain at an average price of $3,384.3. Historically, this investor prefers short-term trades and does not hold positions for extended periods.