Ten minutes ago, a new address was cross margin to short approximately $19 million worth of ETH, with a liquidation amount of $2,196.

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According to ChainCatcher, Hyperinsight monitoring shows that an address starting with '0x999b' was created 10 minutes ago. After depositing approximately $700,000 in principal, it opened a short position of 8,500 ETH (worth approximately $19 million) with a 25x cross margin, and is still adding to its position.

The average opening price for this address was $2,163, the liquidation price was $2,196, and the current unrealized profit is approximately $80,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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