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Giant Whale, which shorted 5000 ETH at $1917, cleared its position and cut its losses 4 hours ago, losing $489,000

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Reprinted from panewslab

03/24/2025·1M

According to PANews on March 24, according to monitoring by on-link analyst @ai_9684xtpa, the giant whale, which shorted 5,000 ETH at a low of 4 hours ago, cleared its position and lost $489,000. The whale mortgaged USDT from Aave when ETH fell to $1917 and lent 5,000 shorts. Then ETH continued to fluctuate and rose by 5%. Finally, it chose to cut its losses when the market rebounded four hours ago, and bought back all ETH for $2015 and repayed the loan.

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