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The whale who shorted $50.82 million worth of ETH closed positions at a loss, incurring a $1.6 million loss.
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According to Jinse Finance, monitored by EmberCN, a whale who used 5 million USDC to short 12,372 ETH with a position value of 50.82 million USD was forced to cut losses and close the position. The opening price was $4,112, liquidation price was $4,427, and the short position was closed this morning at $4,225, resulting in a loss of 1.6 million USD.
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