The whale sold another 5,094 ETH to protect its position, and has lost a total of $40 million on ETH

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ODAILY
04-09
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Planet Daily News: According to @EmberCN monitoring, ETH price plummeted sharply. A whale who was long ETH through circular lending sold 5,094 ETH again at an average price of $1,471 to obtain approximately $7.49 million USDT for loan repayment, lowering the liquidation price of the Aave position to $1,246. Previously, on March 11, this whale had also sold 25,800 ETH during an ETH price drop, realizing a loss of up to $31.75 million in a single operation. The two operations have cumulatively resulted in a realized loss of about $40 million on ETH. It is understood that the whale established a leveraged ETH position at an average price of $3,084 in July 2024 and still holds approximately 30,000 ETH on Aave, with risks remaining high.

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