Whale Increases Ethereum Short Position Amid Potential Liquidation Risk

According to Odaily, monitoring by Lookonchain reveals that a whale has increased their Ethereum short position by adding 3.37 million USDC. This adjustment brings their total Ethereum short holdings to 40,000 ETH. The whale is currently facing an unrealized loss exceeding $2.5 million. If Ethereum's price rises to $2,938.2, the position will be liquidated.