Whale Closes ETH Short, Loses $9.38M, Total Profit Turns to Loss

CoinFeed reported on July 4, according to Onchain Lens monitoring, whale "0x50b" has closed its Ethereum short position, losing $9.386 million on this trade. The whale's total profit fell from $6.6 million to a loss of $2.3 million. Currently, the whale still holds a long position of 228.7 Bitcoin (20x leverage).