Whale’s Shorting Attempt on Ethereum Fails

A prominent cryptocurrency whale has experienced unsuccessful attempts to profit from shorting Ethereum (ETH). Recent data from BlockBeats shows the whale borrowed 5,000 ETH, valued at approximately $12.45 million, to sell the asset short-term at a price of $2,491. This comes after a previous attempt where the whale shorted 10,000 ETH, only to close the position before significant price increases. The lost opportunities could have been substantial, as the position was potentially poised for losses exceeding $7 million if not closed in time.