Record of closing 8,350 ETH short positions: This whale address lost $45,000 in one day

【Blockchain Rhythm】 On-chain data has captured some interesting activity. At 12:11 PM on January 22, an address known for aggressive shorting suddenly closed out 8,350 ETH shorts, resulting in a loss of $45,000. It’s a bit awkward, as the account still shows an unrealized loss of $29,000.

By examining the transaction history of this address, it’s clear that this guy has been actively trading ETH shorts recently, almost every day entering and exiting positions. Despite being called an aggressive trader, his risk management is quite conservative—he cuts losses when needed. Interestingly, although the recent trades have been somewhat unsuccessful, over the entire trading cycle, this address has accumulated a profit of $12,168,300. A small loss in the short term doesn’t significantly impact the overall performance.