PANews reported on March 24 that according to on-chain analyst @ai_9684xtpa, a whale who shorted 5,000 ETH at the low point on March 12 liquidated his position 4 hours ago, losing $489,000. The whale mortgaged USDT from Aave and borrowed 5,000 to short when ETH fell to $1,917. Then ETH continued to fluctuate and rise by 5%. Finally, when the market rebounded four hours ago, he chose to sell at a loss and bought back all ETH at $2,015 and repaid the loan.
The whale who shorted 5,000 ETH at $1,917 liquidated his position 4 hours ago, losing $489,000
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