Well-Known $ETH Whale Cuts 20,000 ETH Short Position Amid Market Losses

According to BlockBeats on August 5, the whale [四战 ETH 75% 胜率鲸鱼] added 3.32 million USDC margin, increasing its ETH short position to 27,000 coins and shifting from a $12.25M profit to a $2.32M loss.

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Summary

BlockBeats reported on August 5 that whale [四战 ETH 75% 胜率鲸鱼] added 3.32 million USDC margin, resulting in an ETH short position of 27,000 coins and converting an unrealized profit of $12.25M into a $2.32M loss. Previously, on August 4, the whale had reduced a 50,000 ETH short position by 20,000 coins, leaving a 30,000 coin short.

Terms & Concepts
  • $ETH: The ticker symbol for Ethereum, a major cryptocurrency.
  • Short Position: A trading strategy that profits when the price of an asset declines.
  • USDC: USD Coin, a stablecoin pegged to the US dollar used for trading and margin purposes.