According to on-chain analyst Yu Jin, as ETH prices fell and approached the liquidation price, a trader reduced his long position by 10,745 ETH in the past half hour, reducing his ETH long position from 76,700 to 66,000. This trader had previously made a $43 million unrealized profit on the 14th when the ETH price reached $4,788, but this unrealized profit has now fallen to $8.58 million.

After reducing positions, the trader held two main positions: 46,000 ETH long with 14x leverage, with a position value of US$196 million, a liquidation price of US$4,239, and a current floating profit of US$6.14 million; 20,000 ETH long with 15x leverage, with a position value of US$85.22 million, a liquidation price of US$4,221, and a current floating profit of US$2.44 million.