Buy orders increased to $94.699 million, an address raised its ETH short buyback price

Odaily reported this morning that after canceling its original buy orders, an address placed new buy orders for a total of 40,000 ETH between $2,280 and $2,437, with the upper and lower bounds of the price range moved up by $30 and $46 respectively compared with before. It holds an ETH short position worth $35.953 million, with an average entry price of $2,587.33, and is currently in profit by $1.003 million. Based on the current position, when the price falls to $2,391.8, the execution of some buy orders will completely close the remaining short position and turn it into a long position. The address has also placed 33 sell orders between $2,687 and $2,887, totaling 10,000 ETH, worth $27.988 million.