Significant Short Position on ETH Faces Liquidation Risk

According to EmberCN, a trader has significantly increased their short position on Ethereum (ETH) by borrowing and selling an additional 2,000 ETH. This brings the total shorted amount to 23,616 ETH, valued at approximately $86.65 million, with an average short price of $3,478. Currently, the position is at a floating loss of $4.41 million. The health rate of the main borrowing account has dropped to 1.14, indicating a liquidation risk if ETH's price rises to around $4,178.