ETH Whale Approaches Breakeven Amid Market Decline

According to BlockBeats, on January 7, monitoring by EmberCN revealed that an Ethereum (ETH) whale, who had previously increased their short positions significantly, is now nearing their breakeven point as the market declines. The whale had experienced an unrealized loss of $5 million at one point. Currently, the short position stands at 21,619 ETH, valued at approximately $74.72 million, with an average price of $3,458 per ETH.