According to Lookonchain, smart trader 0xcB92 currently maintains an open short position of 40,000 ETH, valued at $90.3 million, with an unrealized profit exceeding $21.45 million. The position remains unclosed, signaling significant downward pressure on Ethereum's price and suggesting increased bearish sentiment among large market participants. This large-scale short could influence liquidations, volatility, and market direction for ETH and correlated altcoins in the near term (source: Lookonchain, x.com/lookonchain/status/1936614864363110595).