「Head Pat Shorting ETH Success Rate is 0」 Whale Shorts Another 5000 ETH in the Last 50 Minutes

BlockBeats News, May 11th. According to on-chain analyst Yujin's monitoring, "The recent repeated attempt to short ETH at the top has a 0% success rate." In the past 50 minutes, a whale borrowed 5,000 ETH (worth $12.45 million) from Aave and then shorted it at a price of $2,491.

The whale's previous short of 10,000 ETH was bought back before the ETH surge, closing the position with only a $430,000 loss. If not closed, the current loss would have reached $7 million.