ETH Whale Achieves 82% Scalping Success Rate Despite $5.8 Million Unrealized Loss

On January 7th, COINOTAG News reported a significant development in the Ethereum (ETH) market involving a prominent whale, as per the monitoring by @ai_9684xtpa. This particular whale has successfully achieved a scalping success rate of 82%. Following the decision to short sell 2,000 ETH, the whale currently maintains a short position totaling 21,618 ETH, valued at approximately $79.74 million. The average sell price recorded was $3,475.59, resulting in an unrealized loss of $4.61 million. Notably, as ETH experienced a rise to $3,744 last night, the unrealized loss escalated to $5.8 million. Importantly, the wallet’s health factor stands at 1.23, indicating a liquidation price set at $4,533, thus eliminating immediate concerns regarding liquidation risk.