Odaily reported that, according to monitoring by on-chain analyst Yu Jin, a whale opened a short position on ETH after the token rose two hours earlier. The whale shorted 17,000 ETH at a price of $1,717.8, bringing the position’s notional value to $29.36 million. Based on the monitored price at the time of the report, the position was carrying an unrealized loss of about $140,000.
Nine Wins in Ten ETH Trades
The same whale’s recent ETH trading record was also disclosed. Since the 10th, the whale has invested in ETH 10 times, recording 9 winning trades and 1 losing trade, which gives a win rate of 90%. Across those ETH trades, the whale has accumulated $4.91 million in profit, marked as a +164% return.
The latest short was opened after ETH moved higher, and the size of the position reached 17,000 ETH. As a result, changes in ETH’s price directly affect the position’s unrealized profit or loss. The available information comes from Yu Jin’s on-chain monitoring and Odaily’s newsflash, and it does not include any record of whether the whale later adjusted or closed the position.