'5 Consecutive Losses': Trader Closes Short Position to Stop Loss, Losing $3.5 Million in Three Days

BlockBeats News, July 4: According to on-chain analyst Ai Yi (@ai_9684xtpa), a trader address that suffered losses on four consecutive long positions before switching to short 22,000 ETH has 'cut losses' and closed the position an hour and a half ago. The opening average price was $1,613, and the exit average price was $1,772, resulting in a $3.5 million loss over three days. [Original Link]