PANews reported on September 29th that according to monitoring by on-chain analyst @ai_9684xtpa, another address also shorted ETH with 20x leverage and has suffered a floating loss of US$4.49 million.

Four hours ago, he deposited 3.2 million USDC into Hyperliquid and subsequently increased his ETH short position to 8,000 (approximately $32.86 million). His average opening price was $3,547.73, and his liquidation price was $4,522. Because his position was open for a long time, he earned $1.69 million in funding fees.