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The swing whale, who cleared the warehouse and lost 3.17 million US dollars on January 24th, made a profit of 497 thousand US dollars today by shorting ETH

The swing whale, who cleared the warehouse and lost 3.17 million US dollars on January 24th, made a profit of 497 thousand US dollars today by shorting ETH

Bitget2024/01/26 04:01
According to on-chain analyst @ai_9684xtpa, the swing whale that lost $3.17 million on January 24th made a profit of $497,000 today by shorting ETH. Seven hours ago, this whale borrowed 6,600 ETH from Maker and sold them all at an average price of $2,230 each, worth $14.72 million. Then when ETH fell in value they bought back all tokens at an average price of $2,208 each and repaid the loan, ultimately making a profit of $497k.
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