Whale Investor Halts Losses on ETH Leveraged Position

According to BlockBeats, on October 3, monitoring by @ai_9684xtpa revealed that a whale investor, who previously incurred a loss of $8.22 million on leveraged ETH positions, has begun to halt losses on their ETH holdings. The investor initially went long on 3,594 ETH at an average price of $2,484 per ETH on September 20-21, amounting to approximately $9.19 million. At its peak, the position had an unrealized profit of $536,000. However, instead of closing the position at a profit, the investor sold 2,200 ETH at an average price of $2,365 within two hours, resulting in a loss of nearly $260,000. Currently, the investor still holds 1,394 ETH and has loaned out $1.03 million, maintaining a health ratio of 2.66.