According to Arkham, a user 'sat0shi777' holds nearly $90 million in ETH short positions with a liquidation price of ~$1,674, just 1.5% above current price. The user also holds $30M BTC long as hedge, but the mismatch leaves significant risk.
On-chain analytics platform Arkham disclosed that ETH has risen nearly 5% in the past 24 hours, putting a $90 million Ethereum short position held by user 'sat0shi777' under significant liquidation risk. The liquidation price is approximately $1,674, leaving only about 1.5% margin before forced closure.
To hedge, the same user holds about $30 million in Bitcoin long positions. However, the hedge size is far smaller than the short exposure, creating an unbalanced risk profile. Market participants are watching this position closely, as a potential liquidation could amplify short-term ETH volatility.
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