According to @OnchainLens, the wallet labeled Bitcoin OG (10/11) opened a 5x leveraged ETH short worth about $15M. Per @OnchainLens citing hyperbot.network, the position size is 5,000 ETH with an entry price of $3,001.81 and a liquidation level at $5,056.50. Based on the notional reported by @OnchainLens, each 1% move in ETH implies roughly $150,090 in mark-to-market PnL for this short. Based on the $15M notional and 5x leverage reported by @OnchainLens, the implied initial margin is approximately $3.00M. Using the entry and liquidation levels reported by @OnchainLens, the liquidation price sits about 68.4% above entry, defining the risk band for this position. @OnchainLens also notes the trader may increase size further, and monitoring the address via hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae could flag any scaling activity reported by @OnchainLens.