"The Silver Iron Head Air Force" entered with nearly 20 million ETH short positions and placed sell orders of the same size above $2180 to pressure the market.

Mars Finance news: On April 1, according to Hyperinsight monitoring, over the past half hour, the whale “Silver Ironhead Short-Selling Air Force,” which focuses on shorting, opened a 20x leveraged ETH short position with an average price of 2136 USD. The position size reached 9,353 units, about $19.92 million, with an unrealized profit of $60,000 (6%). At the same time, the address has also placed sell orders within the $2180 to $2300 price range, planning to add short positions totaling about $20 million in increments if the ETH price rises to touch that range, in order to further weigh down the market with a higher average price. Combined, the two rounds of potential short exposure will be close to $40 million.