ETH Quietly Outperforms US Stock Market, Largest Bear Whale "pension-usdt.eth" Loses $11.1 Million

BlockBeats News, July 16th, according to Hyperinsight monitoring, the US stock index closed flat overnight, with storage and semiconductor sectors experiencing a sharp pullback, with Micron and SK Hynix ADR both falling more than 8%; meanwhile, ETH rose again by about 2.9%, reaching around $1,922.15, continuing to outperform the US stock market and the semiconductor sector.

The top ETH short whale "pension-usdt.eth" is currently shorting 50,000 ETH with 3x leverage, with a notional value of approximately $96.105 million, an average entry price of $1,700.06, and an unrealized loss of $11.102 million (-39.2%). The liquidation price is around $2,176.25, approximately 13.2% away from the current price.