A newly identified address has initiated a significant short position on Ethereum, shorting 23,205.35 ETH at 20x leverage. The notional value of this position is approximately $39.03 million, with an average entry price of $1,680.80 per ETH. On-chain data indicates that the position is currently experiencing a minor unrealized loss.
New Address Shorts 23,000 ETH with $39M Position at 20x Leverage
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