"Whale with 75% Win Rate in Four ETH Trades" Shorts 20,000 ETH with 20x Leverage, Opening Price at $3,843.00

On July 28, according to on-chain analyst Ember, "Whale with a 75% Win Rate in Four $ETH Battles" is shorting $ETH again: 3 hours ago, he transferred 4.68M $USDC to Hyperliquid, and then opened a short position of 20,000 $ETH ($77.43M) with 20x leverage.

Last time in June, he opened a short position of 50,000 $ETH, and the position had a maximum floating profit of $22.83M without closing it. Until early July when $ETH started to rise rapidly, he closed the short position near the cost line, but lost $710,000.00 instead. His position is as follows:

20x short 20,000 $ETH, position value $77.43M, opening price $3,843.00, liquidation price $3,997.00. [BlockBeats]