According to PANews, a significant Ethereum trader, identified by X platform user Ai, recently repurchased 3,851 ETH at an average price of $1,816.4, totaling approximately $6.99 million. This move was made to cover a short position of 3,800 ETH, resulting in a loss of $29,500. The trader initially borrowed 4,000 ETH for shorting on April 25. Currently, 200 ETH remain in an open short position, with cumulative losses since April 22 reaching $413,000.

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