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A whale that borrowed 5000 ETH to short sell 1 month ago closed their position on the ETH price reaching $3000.
By: theblockbeats.news|2026/01/02 19:16:07
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BlockBeats News, January 2nd, according to on-chain data analyst Wu Jinyu's monitoring, after ETH once again rose above $3,000, a whale who had borrowed 5,000 ETH for a short sale one month ago chose to close the position.
The whale had just withdrawn 4,830 ETH (approximately $14.75 million) from Binance for repayment on-chain. This short sale of ETH earned approximately $390,000. The whale borrowed and shorted ETH on December 5th when ETH was at $3,132. Today, they bought back ETH at a price of $3,054 to repay.
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