Ethereum whale faces losses after short-selling at a lower price
According to PANews, a prominent investor in Ethereum, known for short-selling the cryptocurrency when its price reaches $1,800, has recently taken a different approach. The investor borrowed 6,000 ETH, valued at approximately $10.58 million, to short-sell when the price dropped to $1,764.7. However, the price of Ethereum has since risen to $1,796.11, resulting in an unrealized loss of $186,000 for the investor. This latest attempt at short-selling is part of a series of unsuccessful trades by the investor.