TechFlow news, July 10 — According to on-chain analyst EmberCN (@EmberCN), the "three-time $ETH 100% win rate whale" has closed its 50,000 ETH short position, incurring a loss of approximately $710,000.
The whale began building this short position on June 11 and had achieved a floating profit as high as $22.83 million when ETH dropped to $2,200 on June 23. As ETH prices rose past its entry price of $2,725, the whale fully exited the position today at $2,740.
Despite the loss in this trade, the whale still maintains a total profit of $4.88 million from its ETH trading activities.
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