A whale shorted 8,000 Ethereum with 20x leverage and is currently facing an unrealized loss of $5.19 million.

ChainCatcher news, according to on-chain analyst Ai Aunt (@ai_9684xtpa), a certain whale's 20x short position on ETH is currently at an unrealized loss of $5.19 million.

This whale holds a position of 8,000 ETH (worth $33.6 million), with an entry price of $3,547.73 and a liquidation price of $4,523.14, which is still more than $300 away from the current price. The whale's margin utilization rate is currently 50.32%.