A whale who was long on ETH sold 10,701 ETH two hours ago to repay debts, resulting in a loss of over $4 million
According to Lookonchain monitoring on April 16th, a large holder sold all 10,701 ETH (worth about $33 million) on the Binance platform two hours ago to repay debts and incurred losses of over $4 million again. This is the second time this holder has lost money due to longing ETH. The last time, he lost about $500,000.
Previously, this holder deposited ETH on the Compound platform and borrowed USDT to buy more ETH, adopting a strategy of longing ETH.
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.
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