「$2249 Short Position on ETH」 Faces Massive Unrealized Loss of Nearly $18 Million, Previously Liquidated with 25x Leverage, Been Stuck for Four Months

BlockBeats News, September 4th, according to HyperInsight monitoring, the whale who shorted ETH at $2249 last night has reduced holdings by 333.19 ETH, currently facing a loss of approximately $17.938 million, with a liquidation price of $5784.94. This whale established a 25x short position in April when the ETH price was around $2249.7, and then continuously increased the average entry price to around $2760 through ongoing position adding, gradually reducing the position since the end of August.