Arkham: 0xSifu reduces its $20 million ETH short position by 33%, resulting in a loss of $750,000.
According to BlockBeats news on October 26th, as monitored by Arkham, 0xSifu, the former CFO of Frog Nation, reduced his $20 million ETH short position by approximately 33%, resulting in a loss of approximately $750,000, 20 minutes ago.
Subsequently, 0xSifu responded that his short position was transferred to GMX, and in fact, did not decrease but increased. However, according to the screenshot he posted, 0xSifu only held short positions of approximately $1 million in ETH on GMX and GMX V2, far less than the short position he reduced on the Synthetix perpetual contract. Currently, Arkham has deleted the tweet.