Significant Reduction in ETH Short Positions Observed

According to BlockBeats, recent monitoring by HyperInsight revealed that an address beginning with 0x20c has reduced its ETH short positions by 1,096 units in the past two hours. This reduction has decreased the position's value by approximately $4.52 million, with an unrealized loss of about $6.17 million. The liquidation price is noted at $5,653.8. Additionally, the address holds a total position of around $26.74 million and has been consistently reducing its ETH short positions by approximately 3,458 units over the past five days.