A whale shorting ETH at a low price “cut its losses” today, losing nearly $500,000

03/24 09:03

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according to ai_9684xtpa monitoring, the whale who shorted 5000 ETH at the low point on March 12th liquidated and cut losses 4 hours ago, losing $489,000. He borrowed 5000 ETH by mortgaging USDT from Aave when ETH fell to $1917, and then sold it short. After that, ETH continued to fluctuate and rose by 5%. Finally, four hours ago, when the market rebounded, he chose to cut losses, bought back all ETH at $2015, and repaid the loan.

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