Large holders with 3,875 ETH holdings have an unrealized loss of over $300,000, with a monthly loss of $6.31 million.

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【BitPush】According to on-chain monitoring data, a well-known investor address currently holding 3,875 ETH short positions is under pressure. The entry price for this position was $3,191.89, which has now resulted in an unrealized loss of over $300,000. The liquidation price is set around $3,053.81 — with room for adjustment given the current market conditions.

What’s even more noteworthy is the speed of the loss. In just the past week alone, this address has lost $1.55 million. Looking at a longer time frame, the total monthly loss has reached $6.31 million. Such a significant drawdown indicates that recent market volatility has indeed put substantial pressure on holders.

In terms of position size, holding over 3,000 ETH is considered a large-scale operation in the current market. Any misjudgment in either direction could lead to significant on-paper fluctuations. This is why large holders’ position changes often become key indicators monitored by traders.

ETH-1.02%
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BlockDetectivevip
· 12-13 15:34
The short position was really repeatedly beaten down this time, with a monthly loss of 6.31 million. Who can withstand such a move?
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DiamondHandsvip
· 12-13 15:29
Oh no, this guy's short position was wiped out directly, losing 6.31 million in a month... That's why I say that shorting is very risky.
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OnlyOnMainnetvip
· 12-13 15:16
Shorts get liquidated, this is the price of greed.
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NFTFreezervip
· 12-13 15:16
Haha, even this big holder has a day today. The short position was hammered for 6.31 million...
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