A certain whale shorted ETH and at one point had a paper profit of nearly $10 million. Currently, most of the profit has been given back.

BlockBeats News, October 7th. According to on-chain analyst Yu Jin, a whale shorted ETH and at one point had a nearly $10 million unrealized profit, which has now mostly evaporated.

· On September 13th, they opened a short position at $4,718 for 10,796 ETH, and as a result, ETH continued to decline;

· On September 25th, when ETH dropped to $3,815, this short position had an unrealized profit of $9.75 million;

· Now, as ETH has risen back near their entry price, most of the unrealized profit has been given back.