PANews reported on August 9th that, according to on-chain analyst Yu Jin, a whale with a 75% win rate in four ETH bets was liquidated, forcing the liquidation of its short position of 10,080 ETH (US$40.76 million). After multiple liquidations and self-stop-loss reductions, its 70,000 ETH short position is now down to 12,500 ETH, with the latest liquidation price at US$4,095. The whale began shorting ETH on July 28th and had a $12.25 million unrealized profit on August 3rd. However, as before, it continued rolling its position instead of taking profit, resulting in a complete loss of all its unrealized profits and a $19 million loss to date.