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After selling ETH spot for a profit of US$7.42 million, a whale trader in a certain band lost US$9.44 million due to shorting ETH.

According to online reports, according to Ember Monitoring, a trader who traded ETH and BTC in swing had an 81% win rate transferred 5 million U to an address where an ETH short order was opened five hours ago to replenish the margin. Data showed that short ETH began on July 12 when ETH was US$2,969, and then cleared ETH spot on July 14 at US$3,051. Selling ETH spot earned a profit of US$7.42 million, but currently shorting ETH has lost US$9.44 million.

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