Whales who previously borrowed coins to short sell 8000 ETH, causing losses, sell 4000 ETH again

PANews|Apr 26, 2025 00:46
According to on chain analyst Yu Jin's monitoring, the whale that once borrowed coins to short 8000 ETH continued to short 4000 ETH after ETH rose to $1800. The whale only bought back 8000 ETH borrowed for short selling yesterday afternoon to liquidate its position, resulting in a loss of $208000. Last night, ETH rose to $1800 again, so I borrowed 4000 ETH ($7.25 million) from Aave and sold it short at a price of $1808.6.
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