0xSifu currently holds an ETH short position of US$12.45 million, and the market price is less than US$170 from liquidation.

According to data from on-chain analysis application Watchers, Frog Nation’s former chief financial officer 0xSifu holds an Ethereum short position of approximately US$12.45 million on the Synthetix perpetual contract. The current contract market price of Ethereum is US$1,852, while the average position price of 0xSifu is US$1,675, resulting in a floating loss of nearly US$1.2 million. Currently, 0xSifu still has a margin of approximately US$1.34 million to maintain the position. If the market price continues to rise to US$2020, its position will face the risk of being liquidated. According to previous news, on October 26, 0xSifu replenished nearly US$1.5 million in margin in two transactions and increased its short position by US$1 million, raising its clearance price to US$2,009.05. On October 27, 0xSifu’s ETH short position on Synthetix dropped to $12.55 million, raising the liquidation price to $2,059.67.