Whale Opens 3x Short on 937 ETH at $2,988.45 Average, Shows $11,200 Unrealized Gain

A whale address opened a 3x short position on 937 ETH at an average price of $2,988.45 on Jan. 21, showing an unrealized profit of $11,200, HyperInsight data show as reported by BlockBeats. The address used high-frequency small trades to reduce slippage and accumulate the position.