「ETH Short Squeeze Whale」 Once Again Acknowledges Loss and Returns to Shorting ETH

BlockBeats News, May 19th, according to EmberCN monitoring, the "Whale Who Shorted ETH 25x, Closed Short to Long BTC, and was Once Again on the Verge of Liquidation" cut losses and stopped out after holding the position for 45 minutes, losing an additional $175,000. After two more days of trading, their initial $2.96 million capital was reduced to $250,000.

The whale, after closing the BTC long position, went short again with 25x leverage, opening a position to short 2636 ETH at $2444, with a liquidation price of $2480.

Previously reported, the "25x Short ETH" whale closed the short position to long BTC and was once again on the verge of liquidation.