A Whale Address Once Made $14 Million in Unrealized Profits by Shorting ETH with 15x Leverage, Now Facing $7 Million in Unrealized Losses

According to a report by Jinse Finance, Onchain Lens monitoring shows that a whale address starting with 0xcb9 once had an unrealized profit of $14 million in its recent 15x leveraged ETH short position, but failed to close the position. Now, as the price of ETH has surged, the short position has shifted from a $14 million unrealized profit to a $7 million unrealized loss, resulting in a total loss of $11 million.