Whale Shorting Ethereum Faces $10.7M Floating Loss, Adds $3.58M USDC to Prevent Liquidation

A prominent Ethereum whale recently initiated a significant short position, incurring a floating loss exceeding $10.7 million. To mitigate the risk of forced liquidation, the investor strategically injected an additional 3.58 million USDC into the position. This move underscores the volatility and risk management challenges inherent in leveraged crypto trading. Market participants should closely monitor such large-scale maneuvers, as they often signal shifts in market sentiment and liquidity dynamics within the ETH derivatives market.