A whale that previously shorted ETH by borrowing has started to take partial profits by repaying part of its loan. According to BlockBeats On-chain Detection, an on-chain analyst monitored that the address began closing part of the position.
From June 8 to June 9, the address deposited about $132 million in stablecoins as collateral on Aave, borrowed 35,000 ETH, and sold the ETH at an average price of $1,672.
About two hours before the report, the whale withdrew 7,000 ETH from a CEX (centralized exchange) and repaid it to Aave to reduce the loan. Based on the earlier selling price, this portion of the position realized an estimated profit of about $190,000.
The address still has roughly 28,000 ETH in outstanding borrowed ETH that has not been repaid, indicating the remaining short position is still being held. On-chain data showed the peak size of this borrowing-based short reached about $58.5 million.
Whale Begins Taking Profit on Borrowed ETH Short Position After Partial Repayment
2026-06-10 00:54:59
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
地缘政治 | 伊朗称打击部分美军基地回应侵略Next article：
SpaceX 首次公开募股认购需求超2500亿美元
