The whale failed to short ETH and sold at a high price, losing nearly $490,000
2025-03-24 08:54:58
Odaily News According to @ai_9684xtpa's monitoring, the whale who shorted 5,000 ETH at the low point on March 12th liquidated his positions and sold them at a loss in the early hours of this morning, resulting in a loss of approximately $489,000.
This address borrowed 5,000 ETH by collateralizing USDT through Aave when ETH fell to $1,917 and sold it for short selling. Then ETH fluctuated and rose by about 5%. Finally, the whale bought back ETH at a price of $2,015 4 hours ago and completed the repayment, declaring that this operation had a loss.
31minutes ago
https://x.com/lookonchain/status/1967960678670709200
31minutes ago
https://x.com/lookonchain/status/1967960678670709200
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