Whale nemorino.eth cuts long position on ETH, losing $2.25 million

According to monitoring by on-chain analyst Yujin, the whale nemorino.eth (0x8ae...e0d) retrieved 8,424 ETH from Spark an hour ago and sold them all at $2,124, worth $17.9 million, incurring a loss of $2.25 million. At the beginning of the month, during the ETH rebound, this address borrowed stablecoins from Spark to leverage long ETH, with an average cost of $2,391. After selling all holdings to repay the loan, the remaining 11.71 million USDC was deposited back into Spark.