According to Arkham, ETH rose nearly 5% in the past 24 hours, pushing a $90 million ETH short position held by on-chain user 'sat0shi777' close to liquidation. The liquidation price is approximately $1,674, just 1.5% away from the current price. The user also holds a $30 million BTC long hedge, but the hedge is far smaller than the short exposure.
Event Overview
On-chain data platform Arkham disclosed that ETH has risen nearly 5% in the past 24 hours, causing a roughly $90 million Ethereum short position held by user 'sat0shi777' to face significant liquidation risk. The liquidation price is approximately $1,674, leaving only about 1.5% margin to the current price.
Position Structure
The same user also holds a Bitcoin long position worth about $30 million as a hedge, but the hedge size is far smaller than the short exposure. If ETH continues to rise, the risk of liquidation increases substantially.
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