A whale missed out on a $10 million profit and lost $2.47 million by short selling BTC. He then spent 43.36 million USDT to buy ETH and is currently losing $1.66 million.

According to the on-chain analyst Ember Monitoring, a whale bought BTC at the bottom of $85,751 at the end of March. If it got it, it was expected to make a profit of more than $10 million. However, in mid-April, the whale sold it at $84,426. A few days later, BTC quickly rose to $110,000. After selling the spot, the whale borrowed 124 WBTC and sold it short at $84,558. The 124 WBTC sold short were bought back at $104,444 10 hours ago, with a loss of $2.47 million. After the repayment, the whale bought 16,638 ETH with 43.36 million USDT, with an average purchase price of $2,606. The current ETH price is about $100 lower than its purchase price, with a floating loss of $1.66 million.