A whale in the ETH band "cut off" half of its short positions, realizing a loss of $1.24 million
as monitored by on-chain analyst Yu Jin, a big short-term trader liquidated half of their short position at a cut-off point five hours ago, spending 36.12 million USDT to buy back 10,531 ETH at a price of $3,430 per ETH and repay the debt. Their overall short selling cost was $3,458 per ETH, meaning they realized a loss of $1.24 million on the positions they closed. They still hold a short position of -11,088 ETH ($37.85 million).
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