Whale Trader Leverages 20,000 ETH Short Position with Significant Gains

According to BlockBeats, a prominent trader known as the 'Four Battle ETH 75% Win Rate Whale' has initiated a short position on 20,000 ETH using 20x leverage. The current unrealized profit from this position stands at $1.12 million. The total value of the position is $75.76 million, with an entry price of $3,843 and a liquidation price of $3,999. Previously, in June, the trader opened a short position on 50,000 ETH, achieving a peak unrealized profit of $22.83 million without closing the position. However, as ETH began to rise rapidly in early July, the trader closed the position near the cost line, resulting in a loss of $710,000.