A whale who shorted ETH at $2,249 is currently facing an unrealized loss of nearly $18 million, having been trapped for four months after using 25x high leverage for position rolling.

BlockBeats News, on September 4, according to monitoring, the whale who shorted ETH at $2,249 reduced their position by 333.19 ETH last night, currently incurring a loss of approximately $17.938 million, with a liquidation price of $5,784.94. This whale opened a 25x short position in April this year when ETH was around $2,249.7, and subsequently increased the average entry price to around $2,760 through continuous rolling over, gradually reducing the position since the end of August.