ETH price falls below the $3000 mark, triggering significant market volatility. On-chain data shows that a well-known major wallet initiated a short position after the 1011 event, with an overall unrealized loss of $40.46 million. Among them, ETH long positions are the most severely affected, with an unrealized loss of $33.04 million. However, based on the liquidation price of 2073, the account still has a considerable buffer before liquidation. Additionally, this major wallet's BTC position has an unrealized loss of $4.8 million, and its SOL position has an unrealized loss of $2.61 million. Market analysts point out that fluctuations in large positions like these often amplify market volatility, especially during rapid price declines, where chain reactions from liquidations could further increase downward pressure. Investors should closely monitor such whale movements and their impact on liquidity.