ETH large short position plans to reverse and buy the dip, placing nearly $100 million in buy orders.

BlockBeats news, September 15th, according to TradingBeats monitoring, the ETH short position starting with 0xa61c on Hyperliquid adjusted its pullback plan again this morning: it raised the lower buyback price and expanded the buy order amount from approximately $57.811 million to $94.699 million, an increase of about 63.8%.

This morning, the address canceled the original buy orders and then re-listed them between $2,280 and $2,437, totaling 40,000 ETH. The upper and lower boundaries of the price range were also raised by $30 and $46, respectively.

The address currently holds a short ETH position worth about $35.953 million, with an average price of $2,587.33, and unrealized profit of about $1.003 million. ETH's current price needs to fall another approximately 3.2% to 9.4% before it gradually enters the above buy order range.

Based on the current position calculation, $2,391.8 is the key price level for this address to flip from short to long, about 5% below the current price. When the buy orders at this price level are partially filled, it will completely close the remaining short position and turn to long.

In addition, the address currently still retains 33 sell orders between $2,687 and $2,887, totaling 10,000 ETH, about $27.988 million. If the price moves upward, these orders can continue to increase short exposure on top of the existing short position, or preset take-profit levels for subsequent long positions.