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[Three-time ETH 100% Win Rate Whale] Closed Short Position with $710K Loss, Once Had Peak Unrealized Profit of $22.83M

11 hours ago

On July 10th, as monitored by on-chain data analyst Yu Jin, with the rise in the ETH price, the [Three-Battle 100% Win Rate Whale] closed out its short position after the ETH price broke above its entry price. From opening a short position and achieving a peak unrealized gain of $22.83 million to ultimately incurring a loss of $0.71 million. During this ETH shorting process, the address experienced an "extremely steep" rollercoaster. The address opened a short position for 50,000 ETH on June 11th and had been holding the short position ever since. When ETH dropped to $2,200 on June 23rd, the position reached a peak unrealized gain of $22.83 million. Until today, when the ETH price rose above its entry price (around $2,725), it liquidated the entire 50,000 ETH position at a price of $2,740, resulting in a loss of $0.71 million. This broke its perfect record but still maintained an overall profit of $4.88 million from ETH.
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