A certain ETH Whale has sold 5,094 ETH again, with a total loss reaching 40 million USD.

[A certain ETH Whale sells 5,094 ETH again, with cumulative losses reaching $40 million] According to on-chain analyst Yu Jin's monitoring, "Whale 0xa339, who goes long on ETH through circular lending," has cut loss by selling 5,094 ETH to maintain position. His realized losses on ETH have reached as high as $40 million. ◎The last time ETH fell sharply on 3/11, he cut meat and sold 25,800 ETH to lower the liquidation line of the position, resulting in a loss of $31.75 million. ◎As ETH continues to decline and approaches its liquidation line, he had no choice but to sell 5,094 ETH at a price of $1,471 five hours ago, converting it to 7.49 million USDT to repay the loan, lowering the position liquidation price to $1,246. ◎The ETH he holds was purchased with leverage at an average price of $3,084 in July 2024. The losses from just these two Cut Loss sales of ETH have resulted in a total loss of $40 million. ◎He currently has 30,000 ETH on Aave.