A whale shorted 5,000 ETH at $2,491 after borrowing from Aave in the past 50 minutes

Bitget App

Trade smarter

PANews2025/05/11 15:02

Show original

According to on-chain analyst Ember's monitoring, the "whale with a 0% success rate in shorting ETH at recent peaks" has started operating: In the past 50 minutes, he borrowed 5,000 ETH (approximately $12.45 million) from Aave and shorted it at a price of $2,491. Last time, he shorted 10,000 ETH and managed to close the position before ETH surged, losing only $430,000. If he hadn't closed the position, he would have faced a loss of $7 million by now.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $756.1 million on Friday.

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.