Haha, it seems that chasing highs and cutting losses is not just a retail investor's specialty.

A certain whale missed out on a $10 million profit and shorted BTC, incurring a loss of $2.47 million, then spent 43.36 million USDT to buy ETH, currently facing an unrealized loss of $1.66 million.

On-chain analyst Yu Jin monitored that a certain whale bottomed BTC at a price of $85,751 at the end of March. If held, it was expected to gain over $10 million in profit, but in mid-April, this whale sold at a price of $84,426, and just a few days later, BTC quickly rose to $110,000. After selling the spot, this whale also borrowed 124 WBTC and shorted at a price of $84,558. These 124 WBTC were bought back 10 hours ago at a price of $104,444 for repayment, resulting in a loss of $2.47 million.

After repaying the short, this whale used 43.36 million USDT to purchase 16,638 ETH, with an average purchase price of $2,606. Currently, the ETH price has fallen below its purchase price by about $100, resulting in an unrealized loss of $1.66 million. $ETH