According to TechFlow, on June 14, monitoring by on-chain analyst Ai Yi showed that a new address, 0xa2e…f1468, started building an ETH short position in batches from 23:42 last night. The size of the short position reached 23,205.35 ETH, and the address used 20x leverage. The total value of the position was reported at approximately $39.03 million.
Average Entry Price Reported at About $1,680.8
The monitored data showed that the average opening price of the ETH short position was about $1,680.8. At the time the monitoring information was released, the position had an unrealized loss of nearly $17,000. Because the position uses 20x leverage, it remains a high-leverage exposure with a high risk profile.
The address is identified as a new address, and its short position was built in several batches after activity began last night. Based on the reported size of 23,205.35 ETH, price movements can have a significant impact on the position. Further changes to the position should be tracked through on-chain monitoring data.