A whale has bought back all 8000 ETH that they were shorting to close their position, resulting in a loss of $208,000.

BlockBeats News, April 25th, according to on-chain analyst Wu Jinyan's monitoring, the whale who borrowed and shorted 8,000 ETH the day before yesterday has bought back all the ETH for repayment in the past 20 minutes, incurring a loss of $208,000.

This whale borrowed and shorted 8,000 ETH (worth $14.02 million) at an average price of $1,752.5 the day before yesterday. Just now, the whale closed the short position by buying back all the shorted ETH. They bought back 8,000 ETH for repayment at a price of $1,778.5, higher than the short price of $1,752.5. Loss incurred: $208,000.