A whale who borrowed 5000 ETH one month ago and shorted it closed their position after ETH reached $3000.

GateUser-6433627c · 2026-01-02T11:10:17+00:00

On January 2nd, analyst Yu Yan pointed out that a certain whale closed its position after ETH price broke through $3,000 again, borrowing 5,000 ETH to short, and making a profit of approximately $390,000. The whale transferred 4,830 ETH on-chain for repayment.

GateUser-6433627c

2026-01-02 11:10:17

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January 2nd, according to on-chain data analyst Yu Jin’s monitoring, after ETH once again surpassed $3,000, a whale that borrowed 5,000 ETH one month ago to short sell decided to close its position. The whale just withdrew 4,830 ETH from CEX ( approximately worth 14.75 million USD ) to the blockchain for repayment. This short ETH trade earned about $390,000, borrowing and shorting ETH when it was $3,132 on December 5th, and today buying back ETH at a price of $3,054 for repayment.

ETH-2.02%

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