Whale Trader 0x9626's $40.7M ETH Short Position Faces Liquidation Risk

Gate News bot message, a major crypto trader identified as 0x9626 has partially closed their leveraged short position on ETH. The trader still maintains a substantial short position of 12,500 ETH, valued at approximately $40.7 million, with 25x leverage.

The position currently shows losses exceeding $2 million, with a liquidation price set at $3,279.57. The trader has already reduced some of their exposure by closing part of the initial position.