ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, a certain whale's bet on ETH rising has failed for the third time:

A week ago, after ETH surged to $3,400 and began to pull back, he entered the market at $3,300, betting that ETH would continue to rise. Unfortunately, ETH did not continue to rise and instead pulled back all the way to $3,000;

Last night, as ETH finally increased a bit, this whale chose to cut losses and liquidate his position 6 hours ago: selling 10,364.2 ETH bought last week at $3,300 for $3,181, incurring a loss of $1.22 million.

His 16th round of trading ended in failure, with 13 wins and 3 losses out of 16 trades.