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A certain Whale sold 26,600 ETH in the past 2 hours, equivalent to $82.52M.
BlockBeats news, on July 5th, according to on-chain analyst Yu Jin's monitoring, in the past 2 hours, a whale that previously went long on ETH on-chain sold 26,600 ETH and exchanged it for 82.52 million USDT to unload leverage. This caused ETH to drop by $100. This whale had 1/5 on-chain leverage long ETH, borrowed 48 million U to buy 21,192 ETH at a price of $2,265, and held it for six months without moving. Until the recent market turned sharply downward, the whale sold 26,600 ETH 2 hours ago at an average price of $3,102, exchanged it for $82.52 million USDT, and repaid the loan on Aave. Because the whale bought at a low price, he still realized a profit of $22.26 million (+37%) from the sale.