After shorting at a lower price, Ethereum Whale is losing money.
PANews reports that a well-known Ethereum investor who usually shorts the cryptocurrency when its price hits $1,800 recently adopted a new strategy. When the price fell to $1,764.7, the investor borrowed 6,000 ETH, or roughly $10.58 million, to short sell. Since then, though, Ethereum's price has increased to $1,796.11, leaving the investor with an unrealized loss of $186,000. The investor has made a number of unsuccessful deals, including this most recent shorting attempt.
