Ethereum Whale Minimizes Losses by Cutting Short Position

A substantial Ethereum whale has taken action to mitigate losses, significantly reducing their bearish short position on the cryptocurrency. Data from BlockBeats shows this whale’s short position stands at 10,000 ETH currently, with a liquidation price set at $5,680. The investor had already incurred a loss of $9.88 million on their leveraged short position, which now carries a floating loss estimated at approximately $18 million. #ETH