According to a report by PANews on August 11th, Yu Jin reported that less than half an hour after opening a short position on ETH, a trader at AguilaTrades quickly stopped out after the price of ETH rose by over $50 from its opening price of $4,219, resulting in a loss of approximately $1.92 million. The trader had previously closed out a position late at night due to market fluctuations that didn't meet expectations.