ETH Whale with 25x Short Position of $25.4M Deleveraging Amid Liquidation Concerns

In a significant development in the crypto markets on May 18th, a whale identified as engaging in a 25x Short ETH position is strategically unwinding its leverage to mitigate the risk of liquidation. Currently, this entity holds approximately 9,923.29 ETH, valued at around $25.4 million, with its liquidation price set at $2,577. Analysis from @ai_9684xtpa reveals that this address is likely linked to Three Arrows Capital, a firm that has recently resumed transactions, transferring funds to its FTX deposit address for the first time in four years. This recent activity underscores the ongoing volatility and strategic movements within the Ethereum market, highlighting the need for investors to remain vigilant in navigating current market dynamics with expert insight and careful risk management.