Ethereum Whale Slashes ETH Short by 1,096 Coins (~$4.52M); Position Now $26.74M with $5,653.80 Liquidation Price

COINOTAG News on September 24 reports, based on HyperInsight monitoring, that an address beginning with 0x20c trimmed its ETH short position by 1,096 ETH over the past two hours, reducing notional exposure by approximately $4.52 million. The position currently carries an unrealized loss of about $6.17 million and a recorded liquidation price of $5,653.8. HyperInsight cites the address’s total position at roughly $26.74 million, and notes the holder has been continuously reducing the short position for five consecutive days, decreasing net shorts by roughly 3,458 ETH during that period. This activity reflects ongoing de‑leveraging within the monitored wallet.