Ethereum Whale Faces Losses After Shorting at Lower Price

According to PANews, a prominent Ethereum investor, known for shorting the cryptocurrency when its price reaches $1,800, recently took a different approach. The investor borrowed 6,000 ETH, valued at approximately $10.58 million, to short sell when the price dropped to $1,764.7. However, the price of Ethereum has since rebounded to $1,796.11, resulting in an unrealized loss of $186,000 for the investor. This recent shorting attempt is part of a series of unsuccessful trades by the investor.