「Short ETH with 25x Leverage」 Whale Further Reduces Position, Increasing Liquidation Price to $2577, Possibly Linked to Three Arrows Capital

BlockBeats News, May 18th, According to @ai_9684xtpa's monitoring, a "25x Short ETH" whale is rapidly deleveraging to avoid liquidation, currently still holding a 25x short position of 9,923.29 ETH, worth $25.4 million, with the latest liquidation price at $2,577.

This address appears to be associated with Three Arrows Capital, having previously transferred funds to its FTX deposit address multiple times, marking the first activity in four years.