A whale who used a "revolving loan to go long on ETH" strategy sold 10,000 ETH, cashing out approximately $29.15 million.

PANews reported on December 16th that, according to Ember, address 0xa339 was forced to sell 30,894 ETH in April to avoid liquidation due to a drop in ETH prices, incurring a loss of approximately $40 million. Subsequently, when ETH stabilized, it bought back 19,973 ETH at $1740, bringing its total holdings to approximately 50,000 ETH at an average price of $2545. After holding this position for about eight months, the whale sold 10,000 ETH at $2915 four hours ago, realizing approximately $29.15 million, a profit of about $3.7 million. Currently, it still holds approximately 40,600 ETH with a floating profit of approximately $15 million, but this is still insufficient to offset the losses incurred from selling at the bottom at the beginning of the year.