"Whale with 100% Win Rate in Three $ETH Trades" Has Stopped Loss and Closed Position, Ultimately Losing $710,000
According to on-chain analyst Ember, as the price of $ETH rose, the "whale with a 100% win rate in three $ETH trades" stopped the loss and closed its position after the $ETH price broke through its opening short cost price. The whale experienced a huge price fluctuation, from a maximum floating profit of $22.83 million from opening a short position to an ultimate loss of $710,000.
The whale opened a short position of 50,000 $ETH on June 11 and held it. On June 23, when $ETH fell to $2,200.00, its position had a maximum floating profit of $22.83 million. Today, the $ETH price rose and broke through its opening short cost price ($2,725.00). The whale finally closed its 50,000 $ETH short position at a price of $2,740.00, losing $710,000.