[Quad ETH Whale with 75% Win Rate] Liquidated Today, Lost $20.73M Shorting ETH for 11 Days

BlockBeats News, August 9th, according to on-chain data analyst Yu Jin's monitoring, the [Four-time ETH Short Whale with a 75% Win Rate] had its position liquidated again this afternoon and decided not to continue adding to the position, choosing to close it entirely instead. This address incurred a $20.73 million loss from this shorting activity.

Reportedly, this address started shorting ETH on July 28th and had a floating profit of $12.25 million on August 3rd. However, as ETH kept rising, their position kept getting liquidated, leading to additional funding totaling $20.98 million.

Ultimately, this afternoon, the address conceded defeat, closing the entire position and ending up with $0.25 million remaining.