A short position of $32.72 million in ETH has been fully liquidated, with one address losing $1.11 million in two days

Odaily reports: According to monitoring by on-chain analyst Yu Jin, an address leveraged a short position of 13,830 ETH at a price of $2,366 on the 19th, with the short position valued at $32.72 million. The address did not set a stop-loss and added to the short position yesterday when ETH pulled back to $2,387. Ultimately, all short positions were liquidated after ETH rebounded last night. Within two days, the address lost $1.11 million, with its principal dropping from $1.25 million to $140,000.