Whale Shorting ETH at $2,745 Sells $2.85M Amid Market Downturn — $54.41M Position, $17.89M Unrealized Loss, Liquidation at $5,664

COINOTAG News on August 20 cited HyperInsight monitoring that identified an account labelled “Whale Shorting ETH at $2745” executing a $2.85 million sell amid the recent crypto market downturn. The short position now shows a notional exposure of approximately $54.41 million, an estimated unrealized loss near -$17.89 million, and a reported liquidation price of $5,664. These verified metrics from HyperInsight offer concrete data for market participants monitoring significant ETH short flows and the potential for forced deleveraging in leveraged derivative markets.