According to on-chain analyst EmberCN, a whale address 0x50b...9f20 previously opened a short position of 54,200 ETH at an entry price of $1,541.3, with a liquidation price set at $1,674.4. The current ETH price has risen to $1,646.2, leaving only a $28 buffer before liquidation. If ETH continues to climb past $1,674.4, the whale will be forced to unwind the position, potentially causing short-term market volatility. The position size of 54,200 ETH is significant, representing over $89 million in notional value at current prices, amplifying the potential impact on the perpetual swaps market.
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