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Ethereum Price Drops Following Trader 0xCB92's Strategic Short Positions
Gate News bot message, trader 0xCB92 demonstrated precise timing in the Ethereum market through two significant short positions. On June 11, when ETH reached $2,880, 0xCB92 initiated a short position against the prevailing market sentiment, with ETH subsequently declining to $2,120. Following a similar pattern, the trader executed another short position as ETH broke through $3,940, resulting in a price decline. Both trades were executed during periods of heightened market activity.