A certain whale attempted to buy the dip on ETH twice without success, then turned around to open a $4.9 million short position with a very tight liquidation level.

BlockBeats News, April 2nd, according to Hyperinsight monitoring, a whale with an address starting with 0xcab attempted to bottom-fish ETH long positions twice today, both of which exited at breakeven, resulting in a total loss of approximately $17,000.

Subsequently, within the past half an hour, the address reversed course, opened a 25x leveraged ETH short position, with a position size of $4.89 million, an entry price of $2,033, a liquidation price of $2,076, resulting in a liquidation of about 2%. The current minor unrealized loss is approximately $11,000 (-5%).