👀👀The Whale That Opened a Long Position on Ethereum 5 Times and Lost 13 Million Is Back in Action! 👀👀
A failed Ethereum (ETH) investor has drawn attention once again.
According to on-chain analysis platform Lookonchain, a whale that experienced significant losses by taking a long position decided to trade again. This whale purchased 2,117 ETH worth $5.17 million to evaluate the recent increase in the price of Ethereum. However, the whale, who was not satisfied with this transaction, opened a long position on ETH again using the circular borrowing method.
The whale had previously been liquidated worth $14.7 million in the major decline on August 5. In the last six months, it has lost a total of $13 million by taking a long position in Ethereum. This investor, who has opened a long position on Ethereum 5 times so far, has lost 4 of them and made a profit only in 1.
Ethereum, which has increased by 5% in the last 24 hours, is trading at $2,558 at the time of writing.
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