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.
