The whale who had short 5,000 ETH at the low point liquidated his position 4 hours ago, losing $489,000

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PANews
03-24
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PANews reported on March 24 that according to on-chain analyst @ai_9684xtpa's monitoring, the whale who shorted 5000 ETH at the low point on March 12 closed out the position 4 hours ago, suffering a loss of $489,000. When ETH dropped to $1,917, the whale mortgaged USDT on Aave and borrowed 5000 to short, and as ETH continued to oscillate and rise by 5%, the whale finally chose to cut losses when the market rebounded 4 hours ago, buying back all ETH at $2,015 and repaying the loan.

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