$1.59M in Unrealized Profit: A Whale Holds 30,000 ETH Short Position

Odaily reports: According to monitoring by on-chain analyst Yu Jin, a whale currently holds a 30,000 ETH short position worth $66.9 million, with an average entry price of $2,283 and an unrealized profit of $1.59 million. Previously, after Binance was hacked, this whale closed a long position worth over $100 million, earning a profit of $17.78 million, and then opened a 20,000 ETH short position; yesterday afternoon, they added another 10,000 ETH to the short position at $2,430.