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ETH quietly outperformed the US stock market index; the biggest short seller, “pension-usdt.eth,” lost as much as $11.1 million
BlockBeats News, July 16, according to Hyperinsight monitoring, U.S. stock index closed flat overnight. Storage and semiconductors saw a concentrated pullback, with both Micron and SK Hynix ADRs falling by more than 8%. Meanwhile, ETH rose again by about 2.9% to around $1,922.15, continuing to outperform the U.S. stock and semiconductor sector benchmarks.
The top ETH short whale, “pension-usdt.eth”, is currently shorting 50,000 ETH using 3x full-position leverage. The notional size is approximately $96.105 million. The average opening price is $1,700.06, and the position is currently down $11.102 million in unrealized losses (-39.2%). The liquidation price is approximately $2,176.25, about 13.2% above the current price.