Odaily News According to monitoring by on-chain analyst Ember, a certain whale "turned" 35,754 ETH into 19,302 ETH by selling low and buying high, with a loss of 42.64 million US dollars.
On April 23, he sold 50,754 ETH at $1,754 for $89.03 million USDT, of which 15,000 ETH were borrowed for short selling.
Then, 27 days later, the $89.03 million USDT was bought back into 34,343 ETH at a price of $2,592.
In terms of the number of ETH, he lost 16,452 ETH: the original 35,754 ETH he held became 19,302 ETH.
In terms of value, he lost $42.64 million: the 19,302 ETH he now holds are worth $50.04 million, and the 35,754 ETH are currently worth $92.69 million.