WHALE'S EPIC FAIL: THE $489K SHORT LOSS
In a bold move, a whale decided to short 5,000 $ETH at a low point, only to face brutal #liquidation nine hours ago with a staggering loss of $489,000.
The plan was simple: When #ETH dropped to $1,917, he borrowed 5,000 ETH from Aave by mortgaging USDT and short-sold at that low point. But the market had other plans.
ETH quickly rebounded, climbing by 5%. Realizing the mistake, the whale bought back all the ETH at $2,015 and repaid the loan, cutting losses but not before suffering a major blow.
Address: 0x5f06c5ee0cae283647a67226273af8ba4ae314a7
In a bold move, a whale decided to short 5,000 $ETH at a low point, only to face brutal #liquidation nine hours ago with a staggering loss of $489,000.
The plan was simple: When #ETH dropped to $1,917, he borrowed 5,000 ETH from Aave by mortgaging USDT and short-sold at that low point. But the market had other plans.
ETH quickly rebounded, climbing by 5%. Realizing the mistake, the whale bought back all the ETH at $2,015 and repaid the loan, cutting losses but not before suffering a major blow.
Address: 0x5f06c5ee0cae283647a67226273af8ba4ae314a7