CoinVoice has recently learned that, according to on-chain analyst Yu Jin's monitoring, 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 dollars.
On April 23, he sold 50,754 ETH at a price of 1,754 dollars, exchanging it for 89.03 million USDT, of which 15,000 ETH were borrowed to short sell.
Then, 27 days later, he bought back this 89.03 million USDT for 34,343 ETH at a price of 2,592 dollars.
In terms of the number of ETH, he lost 16,452 ETH: the original 35,754 ETH has been reduced to 19,302 ETH.
In terms of value, he lost 42.64 million dollars: the 19,302 ETH he currently holds is worth 50.04 million dollars, while the 35,754 ETH is currently worth 92.69 million dollars. [Original link]
