A certain whale made a profit of US$497,000 by shorting ETH
A swing trader who suffered a loss of 3.17 million US dollars through liquidation on January 24th, and was monitored by on-chain analyst @ai_9684xtpa, made a profit of 497,000 US dollars by shorting ETH today. Seven hours ago, the trader borrowed 6,600 ETH from Maker and sold them all at an average price of $2,230, worth $14.72 million. Later, when ETH fell, the trader bought back all the tokens at an average price of $2,208 and repaid the loan, ultimately earning a profit of $49.7 thousand.
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
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
