A whale that went long on ETH sold 10,701 ETH 2 hours ago to repay debts, incurring a loss of over 4 million dollars

ChainCatcher news, according to Lookonchain monitoring, a large holder sold all 10,701 ETH (worth about 33 million USD) on the Binance platform two hours ago to repay debts, incurring a loss of over 4 million USD again. This is the second time this holder has lost money due to going long on ETH. Last time, he lost about 500,000 USD.

This holder previously adopted a strategy of going long on ETH by depositing ETH on the Compound platform and borrowing USDT to purchase more ETH.