The 25x short ETH whale has not been liquidated yet, but it is already very dangerous
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Odaily Planet News: According to @ai_9684xtpa monitoring, the whale with a 25x short on ETH has not been liquidated yet. The address is rapidly reducing positions to avoid liquidation - currently still holding a 25x short position of 9,923.29 ETH, valued at $25.4 million, with the latest liquidation price at $2,577, which is extremely risky. Interestingly, this address seems to be associated with Three Arrows Capital, having previously transferred funds to its FTX deposit address, and this is the first operation since awakening after four years of inactivity.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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