According to previous reports from Zombit, a whale on the ETH wave with an 83% win rate began shorting Ethereum on January 2 by selling borrowed coins from Aave. During the process, it withstood the upward pressure, turning losses into gains, and liquidated all short positions in Ethereum yesterday.
According to information organized by on-chain analyst @ai_9684xtpa, the whale made a total profit of $3.651 million in this week-long short trading. The trading record is 24 trades with 20 wins, resulting in a total win rate of 83.3%, with cumulative profits exceeding $10 million.
It is worth mentioning that after closing the short positions, the whale went long again, and so far has purchased 5,334 WETH spot at an average price of $3,304.06, worth $17.6 million, accounting for about one-third of its total capital.
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