The losses of a whale shorting ETH intensified, with cumulative losses reaching $413,000

Odaily News According to the on-chain data monitored by analyst @ai_9684xtpa, a whale bought back 3,851 ETH at an average price of $1,816.4, with a loss of $29,500, and closed a short position of 3,800 ETH. Since April 22, the cumulative loss of borrowing coins to short ETH has reached $413,000, and there are still 200 ETH short positions left. If the loss continues, all previous profits may evaporate.