Data: A certain whale completed a short position of 66,000 ETH, making a profit of 23.31 million USD

According to on-chain analyst Yu Jin (@EmberCN), a certain whale/institution that previously borrowed and shorted 66,000 ETH at the price level of $4,032 has taken profits on the majority of its position.

This whale has just continued to withdraw 24,025 ETH (worth $83.9 million) from Binance for repayment. In the last day, this whale has withdrawn 64,044 ETH (worth $235 million) from Binance for repayment and profit-taking, with an average price of $3,668. By borrowing and shorting at $4,032 and buying back for repayment at $3,668, this whale made a profit of $23.31 million.