PANews reported on October 27th that according to on-chain analyst @ai_9684xtpa, the "smart money" who were 25x long on ETH after the October 11 flash crash finally placed their profit-taking orders. The intended short position was $4,914.9, near ETH's all-time high. They placed sell orders for 29,713.8152 ETH in the $4,190-$5,555.5 range.
- He currently holds a long position of 15689.44 ETH;
- When ETH continues to rise and enters the range of "4190-5555.5 US dollars", he will gradually take profits;
- When ETH breaks through $4914.9, he will open a short order. If it really rises to $5555.5, he will open a short order of up to 14024.37 ETH, or $77.91 million.
