PANews reported on July 10 that according to on-chain analyst Yu Jin’s monitoring, as the price of ETH rose, the “three-fight ETH 100% winning rate whale” stopped loss and closed its position after the ETH price broke through its short opening cost price. The whale experienced a huge price fluctuation from opening a short position to a maximum floating profit of $22.83 million, and finally a loss of $710,000.

The whale opened a short position of 50,000 ETH on June 11 and has been holding it ever since. When ETH fell to $2,200 on June 23, its highest floating profit reached $22.83 million. Today, the price of ETH rose and broke through its short opening cost price ($2,725). The whale finally closed its 50,000 ETH short position at $2,740, with a loss of $710,000.