ChainCatcher reported that, according to monitoring by on-chain analyst Ai Yi, a whale engaged in short selling ETH through borrowed coins has taken profit again. The latest profit-taking involved 4,386 ETH and generated a profit of $233,000. In this context, borrowing coins to short ETH refers to using borrowed ETH for a short position and then managing that position through profit-taking or closing actions, while a whale generally refers to an on-chain address with a large capital scale.
The monitored data shows that the whale still has 99.75 million USDT posted as collateral and has borrowed 23,618.97 ETH for short selling, with an average short price of $1,672. Since yesterday, the address has cumulatively taken profit on 11,386 ETH, with realized profit totaling $423,000. The disclosed figures outline both the latest realized gain and the remaining ETH short position held by the address.