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A certain Whale "converted" 35,754 ETH into 19,302 ETH due to low selling and high buying, resulting in a loss of 42.64 million USD.
Odaily News According to on-chain analyst Yu Jin's monitoring, a certain Whale "converted" 35,754 ETH into 19,302 ETH due to low sell and high buy, resulting in a loss of 42.64 million dollars. He sold 50,754 ETH at a price of $1,754 on 4/23, exchanging it for $89.03 million USDT, of which 15,000 ETH was borrowed for short selling. Then, on the 27th day from today, buy back the $89.03 million USDT at a price of $2,592 to get 34,343 ETH. In terms of the amount of ETH, he lost 16,452 ETH: his original holding of 35,754 ETH decreased to 19,302 ETH. In terms of value, he lost $42.64 million: the 19,302 ETH he currently holds is worth $50.04 million, while the 35,754 ETH is currently worth $92.69 million.