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ETH broke through $4300, and traders incurred a cumulative loss of $3.8 million from stop loss on three occasions while closing their short positions.
[Chain News] On August 12, news emerged that as the ETH price rose back above $4300, a trader has consecutively executed stop loss on short orders for the third time. It is reported that most of the ETH short orders opened by him early this morning were closed 20 minutes ago, and the remaining portion is gradually being closed through TWAP.
Three days ago, the trader made $11.3 million by going long on ETH, but in the last three days, he attempted to short ETH three times in a row, each time stopping loss when the ETH price was $50 above his short entry price, with a total loss of $3.8 million.