PANews reported on December 11 that, according to on-chain analytics platform Lookonchain, trader 0xa43d opened a long position in Ethereum at its price peak and lost $3.24 million in just 14 hours. The trader partially closed the position after the ETH price fell, realizing a loss of $5.835 million, but still holds a long position of 11,793 ETH (worth approximately $37.6 million), with an unrealized loss of $2.66 million.PANews reported on December 11 that, according to on-chain analytics platform Lookonchain, trader 0xa43d opened a long position in Ethereum at its price peak and lost $3.24 million in just 14 hours. The trader partially closed the position after the ETH price fell, realizing a loss of $5.835 million, but still holds a long position of 11,793 ETH (worth approximately $37.6 million), with an unrealized loss of $2.66 million.
A whale (a large investor) went long on ETH at a high price due to FOMO (fear of missing out), and lost $3.24 million in 14 hours.
PANews reported on December 11 that, according to on-chain analytics platform Lookonchain, trader 0xa43d opened a long position in Ethereum at its price peak and lost $3.24 million in just 14 hours. The trader partially closed the position after the ETH price fell, realizing a loss of $5.835 million, but still holds a long position of 11,793 ETH (worth approximately $37.6 million), with an unrealized loss of $2.66 million.
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