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A major player has shorted 44,000 ETH worth $78.89 million and is currently facing a paper loss of $3.08 million.
Svmuu News: According to on-chain analyst Yu Jin, a whale that recently shorted ETH continued to short 9,000 ETH after the price rebounded. The whale borrowed 9,000 ETH from Aave and transferred them to Binance, then withdrew 16.37 million USDT.This whale currently holds 44,000 ETH in short positions, valued at $78.89 million, with an average short price of $1,702, resulting in a current unrealized loss of $3.08 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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