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Whale reduces short position on Ethereum by 20x to avoid liquidation, currently facing $18 million unrealized loss

Summary: According to reports, a whale who had a 20x short position on Ethereum this morning reduced their short position to avoid liquidation. As of the time of writing, their short position amounted to 10,000 ETH with a liquidation price of $5680. It is reported that this whale has already lost $9.88 million in this ETH ...

According to reports, a whale who had a 20x short position on Ethereum this morning reduced their short position to avoid liquidation. As of the time of writing, their short position amounted to 10,000 ETH with a liquidation price of $5680.

It is reported that this whale has already lost $9.88 million in this ETH (20x) short position and still faces an unrealized loss of around $18 million.

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Link: Whale reduces short position on Ethereum by 20x to avoid liquidation, currently facing $18 million unrealized loss   [Copy]
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