PANews reported on November 10th that, according to on-chain analyst Yu Jin, as ETH rebounded by 6% since last night, a whale who bought ETH after the October 11th crash and was subsequently trapped has finally nearly broken even. Three hours ago, he liquidated his position, selling 6028 ETH for 22.26 million USDC, incurring a loss of $320,000. On October 11th, the day of the crash, he spent 22.58 million USDC to buy 6028 ETH at $3638, after which ETH continued to fall, leaving him trapped. Today, after the rebound, he nearly broke even, liquidating his position at $3587.PANews reported on November 10th that, according to on-chain analyst Yu Jin, as ETH rebounded by 6% since last night, a whale who bought ETH after the October 11th crash and was subsequently trapped has finally nearly broken even. Three hours ago, he liquidated his position, selling 6028 ETH for 22.26 million USDC, incurring a loss of $320,000. On October 11th, the day of the crash, he spent 22.58 million USDC to buy 6028 ETH at $3638, after which ETH continued to fall, leaving him trapped. Today, after the rebound, he nearly broke even, liquidating his position at $3587.
The "whale that bought ETH on October 11th and got trapped" has sold off all 6,028 ETH, realizing a loss of $320,000.
PANews reported on November 10th that, according to on-chain analyst Yu Jin, as ETH rebounded by 6% since last night, a whale who bought ETH after the October 11th crash and was subsequently trapped has finally nearly broken even. Three hours ago, he liquidated his position, selling 6028 ETH for 22.26 million USDC, incurring a loss of $320,000. On October 11th, the day of the crash, he spent 22.58 million USDC to buy 6028 ETH at $3638, after which ETH continued to fall, leaving him trapped. Today, after the rebound, he nearly broke even, liquidating his position at $3587.
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