Ai Yi monitoring cited by BlockBeats said a trader opened a 25x short of 9,700 ETH worth about $22.46 million at an average entry of $2,311.92. The position showed an unrealized loss of about $48,000 at the time.
Orders around the short
The reported take-profit was set at $2,058.2, with some stop-loss orders at $2,750.1. These figures describe a leveraged position at one point in time and do not establish a realized profit or loss.