A whale who shorted ETH at $2,249 is currently facing an unrealized loss of nearly $18 million, having been trapped for four months after using 25x high leverage for position rolling.
BlockBeats News, on September 4, according to monitoring, the whale who shorted ETH at $2,249 reduced their position by 333.19 ETH last night, currently incurring a loss of approximately $17.938 million, with a liquidation price of $5,784.94. This whale opened a 25x short position in April this year when ETH was around $2,249.7, and subsequently increased the average entry price to around $2,760 through continuous rolling over, gradually reducing the position since the end of August.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Ethereum PoS network exit queue drops to about 789,000, while entry queue rises to about 936,000
Bitwise Avalanche ETF has been registered in Delaware.
Data: A certain whale/institution sold 10,000 ETH, earning a profit of $960,000
A certain whale deposited 5 million USDC into Hyperliquid and went 3x long on HYPE.
Trending news
MoreCrypto prices
More
