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

BlockBeats News, September 4th, according to HyperInsight monitoring, a whale who shorted ETH at $2249 reduced their position by 333.19 ETH last night, currently facing a loss of approximately $17.938 million, with a liquidation price of $5784.94. The whale established a 25x short position when the price of ETH was around $2249.7 in April this year, and then gradually increased their average entry price to around $2760 through continuous rollovers, until starting to unwind the position at the end of August.