A certain whale shorted ETH and once had an unrealized profit of nearly 10 million dollars, but now the profit has mostly been wiped out

Oct 07, 2025 17:27:01

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ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a certain whale shorted ETH with a peak unrealized profit of nearly 10 million dollars, which has now mostly been given back.

On September 13, opened a short at $4,718 with 10,796 ETH, and then ETH continued to decline;
On September 25, ETH dropped to $3,815, at which point the short position had an unrealized profit of 9.75 million dollars;
Now, ETH has risen back to near the opening price, and the unrealized profit has basically been given back.

(Source)