An address's 13,830 ETH short positions were fully liquidated
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PANews, citing Yu Jin, said that an address's 13,830 ETH short positions were all liquidated, 2 days' losses 1110000 USD。
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A whale's 32720000 USD ETH short positions were all liquidated, 2 days' losses 1110000 USD
PANews October 21 According to on-chain analyst Yu Jin, an address shorted with maximum leverage 13,830 ETH(approximately 32720000 USD) and was fully liquidated, 2 days' losses 1110000 USD. The address opened its short position at a ETH price of 2,366 USD. A few hours later,ETH rebounded to 2,409 USD，2,765 ETH(approximately 6660000 USD) of the position was liquidated first. The address then did not stop its losses; instead, it increased its short position when ETH pulled back to 2,387 USD. As ETH continued to rebound, all remaining short positions were liquidated, 1250000 USD leaving only approximately 140000 USD。
PANews said the information came from a report by on-chain analyst Yu Jin.
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An address shorted with maximum leverage 13,830 ETH, reportedly valued at approximately 32720000 USD。
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The address opened its short position when ETH was priced at 2,366 USD.
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ETH After rebounding to 2,409 USD, 2,765 ETH of the position was liquidated, reportedly valued at approximately 6660000 USD。
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The address subsequently increased its short position when ETH pulled back to 2,387 USD, and all remaining short positions were subsequently liquidated.
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The report claims that the address 2 lost over 1110000 USD，1250000 USD leaving approximately 140000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a bet that ETH will decline in price; leverage amplifies both gains and losses. When ETH rebounds in price, position losses grow and trigger forced liquidation. In the report, the address continued to increase its short position after part of the position was forcibly liquidated, and the remaining position was subsequently liquidated as well.
Why it matters to readers
This incident illustrates how highly leveraged trading can rapidly lose most of its principal when prices move in the opposite direction, but the original article provided no data on its impact on the overall ETH market.
Beginners should understand that leverage does not only amplify gains; it also amplifies losses. Continuing to add to a position after forced liquidation may further increase the risk of losing principal.
Risks and unknowns
The original article did not disclose the address involved, so the position and liquidation records cannot be independently verified based on the evidence provided.
The specific multiple for “maximum leverage” was not stated.
The original article did not specify the trading platform, liquidation mechanism, or methodology used to calculate the amounts.
It cannot be confirmed from the original article whether this incident affected ETH the overall price, trading volume, or other positions.
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