According to @hypurrscan, wallet 0x2258 has opened a significant 20x leveraged short position on 28,248 ETH, valued at approximately $70 million. The entry price for the trade is $2,561, with a liquidation price set at $2,694. This large leveraged position increases downside pressure on Ethereum in the near term and could trigger volatility, especially if ETH approaches the liquidation threshold. Traders should monitor the $2,561 entry and $2,694 liquidation prices closely, as a price surge towards the liquidation level may result in short covering and rapid upward price movements. Source: hypurrscan.io/address/0x2258