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Whale Closes 5,000 ETH Short Position After Price Returns Above $3,000

A whale closed a 5,000 ETH short position after the asset returned above $3,000, on-chain analyst Ember reports. The trader withdrew 4,830 ETH (about $14.75 million) from Binance to repay the loan. The short generated around $390,000 in profit after borrowing and selling ETH at $3,132 on Dec. 5 and buying back at $3,054 today.
ETH
ETH+3.58%
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