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A certain whale who shorted ETH at a low point today "liquidated their position," losing nearly $500,000.

2025-03-24 16:53

BlockBeats News, March 24th, according to ai_9684xtpa monitoring, a whale who shorted 5000 ETH at the low point on March 12th liquidated their position and took a loss of $489,000 4 hours ago.

When ETH dropped to $1917, they collateralized USDT on Aave and borrowed 5000 ETH to short. Subsequently, ETH continued to fluctuate and rose by 5%. Finally, four hours ago during a market rebound, they chose to liquidate their position, buying back all ETH at $2015 and repaying the loan.

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