$ETH

WHALE "SHORT" ETH FAILS WITH LARGE HIDDEN LOSS 📉🐳

According to BlockBeats, a "whale" just FAILED in an attempt to short sell (short) Ethereum (ETH).

Specifically, this whale BORROWED 5,000 ETH (approximately 12.45 million USD) and SHORTED at the price of $2,491. Previously, this whale had also SHORTED 10,000 ETH but had to CLOSE THE POSITION early, incurring a LOSS of 430,000 USD. If not closed, the potential loss could REACH UP TO 7 MILLION USD due to the ETH price increasing sharply afterwards.

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