A giant whale missed out on a profit of $10 million and sold BTC short, resulting in a loss of $2.47 million. It then spent 43.36 million USDT to buy ETH, resulting in a floating loss of $1.66 million

律动BlockBeats
律动BlockBeats|May 31, 2025 02:24
According to BlockBeats news, on May 31st, according to on chain analyst Yu Jin's monitoring, a certain giant whale bought BTC at a price of $85751 at the end of March. If it gets it now, it will be a profit of over $10 million. But in mid April, he cut meat at a price of $84426, and a few days later BTC rose to $110000. After selling off the spot goods, he also borrowed 124 WBTCs for short selling at a price of $84558. The 124 WBTCs that were short sold were bought back for repayment at a price of $104444 10 hours ago, resulting in a loss of $2.47 million. After the repayment was flat, he bought 16638 ETH with 43.36 million USDT, with an average purchase price of $2606. The current ETH price is $100 lower than its purchase price. Another floating loss of 1.66 million US dollars.
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