ChainCatcher reported that, according to monitoring by on-chain analyst @ai_9684xtpa, address 0xa2e…f1468 began opening an ETH short position in batches starting at 23:42 last night. The monitored position amounts to 23,205.35 ETH, with a total position value of $39.03 million.
The disclosed data shows that the average entry price of the position is $1,680.8. At the time of the monitoring update, address 0xa2e…f1468 was carrying an unrealized loss of nearly $17,000. A short position is generally tied to exposure in the downward direction of ETH price, while the unrealized profit or loss changes as the market price moves.
The available information focuses on the address, the starting time of the activity, the batch-based shorting process, the ETH size, the position value, the average opening price, and the current unrealized loss. The report did not disclose the identity behind the address or any subsequent adjustment plan for the position.