A whale address liquidated its ETH spot holdings at the end of September and opened a short position. The position is currently at a $4 million loss.

BlockBeats News, October 5th. According to on-chain data analyst Yu Jin, a whale address liquidated ETH two weeks ago at a price of $4,221, realizing a profit of $11.6 million, after which the market saw an uptrend. In the past two days, the address has opened a short position worth $137 million on Hyperliquid, currently experiencing a $4 million unrealized loss.

It is reported that this address had previously closed a short position in June and then bought 6,037 ETH at a price of $2,299. On September 22nd, the address liquidated the ETH bought in June at a price of $4,221, earning a profit of $11.6 million. The current position is as follows:

· Short 800 BTC with 40x leverage, worth $100 million, entry price $120,892, liquidation price $129,848;

· Short 8,000 ETH with 20x leverage, worth $37 million, entry price $4,502, liquidation price $5,109.