According to on-chain analyst Yu Jin, an Ethereum trader with a 75% win rate cut his short position by 20,000 ETH (approximately $68 million) today. The trader previously held a total short position of 50,000 ETH, turning a profit of $12.25 million yesterday into a loss of $840,000. Currently, the trader still holds a short position of 30,000 ETH, worth approximately $110 million, with an opening price of $3,634 and a liquidation price of $3,701.