A whale who hoarded 30,654 ETH through revolving loans has liquidated his position, losing $17.51 million
According to Yu Jin monitoring, a whale has accumulated 30,654 ETH (worth 88.43 million US dollars) through a cycle loan with an average price of 2,885 US dollars per ETH. Starting from September 7th, the whale began to sell ETH and has basically completed the clearance, selling 28,564 ETH (worth 64.9 million US dollars) at an average price of 2,272 US dollars, with a loss of up to 17.51 million US dollars.
◎Since December last year, he has been buying ETH through cycle loans until July this year, accumulating a total of 30,654 ETH (worth 88.43 million US dollars) at an average price of 2,885 US dollars.
◎After the market fell on September 7th, he began to sell ETH, possibly due to a pessimistic outlook on future trends. So far, he has sold a total of 28,564 ETH ($64.9M) at an average price of 2,272 US dollars.
◎He now only holds 2,268 ETH, which is close to liquidation.
◎Compared to his accumulated cost of 2,885 US dollars, his current cycle loan of buying ETH has resulted in a loss of up to 17.51 million US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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