Whales lost $10.67 million due to chasing long ETH due to non-farm payroll data, with cumulative losses exceeding $35.8 million in one month.

According to crypto analyst Ember (@EmberCN), a whale who had previously sold HYPE and switched to a long position in ETH increased their long position in ETH at $4,446 following the release of the non-farm payroll data at 8:30 AM. However, ETH subsequently fell rapidly, and the whale closed their entire 52,800 ETH position at approximately $4,265, incurring a loss of approximately $10.67 million. Since July 25th, the whale has continued to hold long ETH and frequently stopped out, resulting in cumulative losses of $35.84 million.