Q: Total profits are approximately $292 million. An address reduced its ETH short position by approximately $3.34 million. What do you think?
A: The direct impact on the price is limited, but it may affect how people assess what comes next. Trading volume and price moving in sync are more convincing; judging by the news alone can easily lead to misinterpretation.
$ETH , down 5.69% intraday.

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