According to EmberCN on Twitter, a large ETH whale with a track record of unsuccessful top-picking shorts has once again borrowed 5,000 ETH (worth $12.45 million) from Aave and opened a short position at $2,491 per ETH. In the previous attempt, the whale shorted 10,000 ETH but closed the position early, incurring a $430,000 loss instead of the potential $7 million loss if the position had been held. This activity highlights ongoing sell pressure and potential volatility for Ethereum, making it a key development for traders monitoring liquidation risks and short squeeze scenarios (Source: EmberCN on Twitter, May 11, 2025).