According to @EmberCN, a trader opened a 10,796 ETH short at $4,718 on Sep 13 and initially saw price move lower in their favor, source: @EmberCN, hyperbot.network/trader/0x091159A8106b077C13e89bC09701117e8b5F129A. ETH hit $3,815 on Sep 25, putting the unrealized profit near $9.75 million at that time, source: @EmberCN. ETH has since rebounded to around the entry price, with most unrealized gains given back while the position remains unclosed, source: @EmberCN, hyperbot.network/trader/0x091159A8106b077C13e89bC09701117e8b5F129A. For traders, the $4,718 entry and $3,815 swing low mark immediate resistance and support levels to watch for ETH derivatives flows and potential stop activity, source: @EmberCN. The round-trip from peak unrealized PnL back to breakeven underscores volatility risk for unhedged shorts and the importance of scaling out or risk controls around key levels, source: @EmberCN. The post was disclosed as sponsored by Bitget, source: @EmberCN.