According to information shared by analyst Yu Jin,
a certain whale with a 75% win rate on four transactions of Ethereum has reduced its short position in Ethereum due to the recent rebound of the cryptocurrency. In the early hours of today, part of the position was liquidated as Ethereum broke through the $3,700 mark. However, this whale did not abandon its short position; instead, it added $3.32 million in margin this morning, increasing its short position from fewer than 27,000 ETH to 35,000 ETH (with a total value of approximately $127 million). The average entry price was around $3,641, resulting in an unrealized loss of about $500,000.
