A whale with high leverage shorting ETH has made a paper profit of $1.7 million and added to its position, now holding over 30,000 ETH in short positions.

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PANews reported on January 19th that, according to Yu Jin, a whale who shorted ETH with high leverage last Friday profited during the market flash crash this morning between 7 and 8 AM, with its short positions currently showing a floating profit of $1.7 million. It added to its position half an hour ago and now holds 30,639 ETH short positions (approximately $98.51 million), with an average opening price of $3,271 and a liquidation price of $3,296.

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