COINOTAG reported on September 17, citing EmberCN monitoring, that a prominent crypto whale has incurred cumulative losses of 43.33 million USD over the past month after a prior long on ETH and subsequent shorting activity. The address now reportedly holds less than 1 million USD, with prior losses including a 35.84 million USD loss on ETH longs and an additional 7.5 million USD realized while shorting BTC.

According to on-chain data, the investor closed all BTC shorts roughly seven hours ago and initiated a new short position on ETH, selling 5,432 ETH at approximately 4,485 USD per token (around 24.5 million USD notional), with a reported liquidation price 4,594 USD, highlighting concentrated margin exposure on ETH shorts.