Data: A whale that "longs ETH with circulating loans" sold 10,000 ETH for approximately 29.15 million USD

According to Yu Jin's report, the address 0xa339 was forced to sell 30,894 ETH at a loss of about 40 million dollars in April due to the drop in ETH prices to avoid liquidation; afterward, when ETH stabilized, it repurchased 19,973 ETH at 1,740 dollars, holding about 50,000 ETH at an average price of 2,545 dollars.

About 8 months later, this whale sold 10,000 ETH 4 hours ago at a price of 2,915 dollars, cashing out about 29.15 million dollars and realizing a profit of about 3.7 million dollars. Currently, it still holds about 40,600 ETH, with an unrealized profit of about 15 million dollars, but it is still difficult to make up for the losses incurred from the forced selling at the beginning of the year.