ETH long whale closes position, loses $9.63 million, turns short

On February 9th, HyperInsight monitoring showed that the on chain ETH long whale address 0xa5b... closed its ETH long order held for about two months today, resulting in a loss of approximately 9.63 million US dollars. The warehouse was established at the end of last year, with a scale of approximately 600400 ETH, a peak value of approximately $125 million, and an average price of approximately $2500. Previously, the address attempted to spread the cost, but chose to close the position with a stop loss after a floating loss of over $24 million on February 6th. After closing the position, the address opened an ETH short position with an average price of about 2086 US dollars and 15 times leverage. The current position size is about 28.6 million US dollars, and we will continue to increase our position slightly. The remaining margin in the account is about 34.8 million US dollars.