According to PANews on August 7th, trader 0xCB92’s ETH short position, once $4.25M in profit, is nearing liquidation at $3,724.15, wiping out gains and resulting in a $2.34M loss.
PANews on August 7th reported that trader 0xCB92, who previously held a large ETH short position, failed to take profits when his position had generated $4.25M, and is now on the verge of liquidation at $3,724.15, leading to a principal loss of $2.34M that erased gains from his previous three trades.