Trader’s $21.43M ETH Short Falls $1.63M Underwater as Ethereum Rises 

An 8x-leveraged Ethereum short on Aster DEX was showing an unrealized loss of $1.63 million after ETH climbed to $2,280, according to blockchain analytics platform Lookonchain.

The position, linked to wallet 0x2E88, consists of 9,346 ETH and has a notional value of about $21.43 million.

The trader opened the short at $2,119.01 per ETH, putting the position underwater as the cryptocurrency moved above the entry price. Lookonchain estimated the unrealized loss at 60.83%.

Source: Lookonchain