ChainCatcher reported that, according to monitoring by on-chain analyst @ai_9684xtpa, the address 0xa2e…f1468 began opening a short position in ETH in batches starting at 23:42 last night. The monitored position totals 23,205.35 ETH. Based on the figures provided, the position is valued at $39.03 million, with an average entry price of $1,680.8.
At the time of the monitoring update, the ETH short position was carrying an unrealized loss of nearly $17,000. An unrealized loss refers to a loss calculated against the current market price while the position remains open; it is not the same as a realized loss after closing the position. The timing of the batch entries, the size of the position, the average opening price and the current floating loss all come from @ai_9684xtpa’s on-chain tracking.
This item is categorized as a whale movement because it focuses on a single on-chain address building a large ETH short position. Any later changes to the position held by address 0xa2e…f1468, including additional entries or a closeout, would need to be confirmed through new on-chain monitoring data.