#Whale Short-Selling ETH Results in Over a Million Dollars in Losses#

Recently, a series of whale short-selling operations have emerged in the market, the most notable being the case of a whale shorting ETH on HyperLiquid. This whale had a profit of over $15 million four days ago, but currently has a loss of over $1 million, the change from profit to loss is shocking. In addition, another whale sold all 10,978,000 ONDO tokens in the past 12 hours, exchanging them for about 13,580,000 USDC. After holding the position for 38 days, they chose to close the position, losing about $3.54 million during this period, with a loss rate of 20.7%. These whale short-selling operations have drawn market attention, reflecting the current market uncertainty and volatility. Although whales have strong financial strength, the market is constantly changing, any operation involves risks, investors need to be cautious.