A certain whale opened a short position worth 50.8 million USD in ETH after Ethereum broke through 4700 USD

ChainCatcher news, according to on-chain analyst Yu Jin (@EmberCN), a certain whale opened a short position worth 50.8 million USD in ETH after the price of ETH broke through 4700 USD.

Two hours ago, after ETH rose above 4700 USD, the whale withdrew 5.1 million USDC from Kraken as margin to short 10,796 ETH (50.81 million USD). The short opening price was 4718 USD, and the liquidation price was 5087 USD.