BlockBeats News, January 2nd, according to on-chain data analyst Wu Jinyu’s monitoring, after ETH once again rose above $3,000, a whale who had borrowed 5,000 ETH for a short sale one month ago chose to close the position.
The whale had just withdrawn 4,830 ETH (approximately $14.75 million) from Binance for repayment on-chain. This short sale of ETH earned approximately $390,000. The whale borrowed and shorted ETH on December 5th when ETH was at $3,132. Today, they bought back ETH at a price of $3,054 to repay.
