【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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
4
Repost
Share
Comment
0/400
BlockDetective
· 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?
View OriginalReply0
DiamondHands
· 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.
View OriginalReply0
OnlyOnMainnet
· 12-13 15:16
Shorts get liquidated, this is the price of greed.
View OriginalReply0
NFTFreezer
· 12-13 15:16
Haha, even this big holder has a day today. The short position was hammered for 6.31 million...
Large holders with 3,875 ETH holdings have an unrealized loss of over $300,000, with a monthly loss of $6.31 million.
【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.