The post Whale Strategically Short-Sells 4,000 ETH at $1,808.6 Despite $208K Loss appeared on BitcoinEthereumNews.com.

COINOTAG News reported on April 26th that prominent on-chain data analyst Yu Jin has observed significant movements in the crypto market. A particular whale address recently executed a sophisticated strategy by borrowing 4,000 ETH from Aave, valued at approximately $7.25 million. This entity then engaged in short selling at an average price point of $1,808.60. Notably, this same address had previously repurchased 8,000 ETH borrowed for shorting, resulting in a marked loss of $208,000. Following a brief price correction where ETH retraced to $1,800, this whale strategically borrowed again to initiate another round of short selling, highlighting the ongoing volatility and strategic maneuvers prevalent in the current cryptocurrency landscape. Such activities underscore the importance of monitoring large market players, as they significantly influence price dynamics. Source: https://en.coinotag.com/breakingnews/whale-strategically-short-sells-4000-eth-at-1808-6-despite-208k-loss/

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Filed under: News - @ April 26, 2025 2:27 am