PANews reported on October 17 that according to monitoring by on-chain analyst @ai_9684xtpa, the 25x short ETH address had reduced its position by 3,615.9 ETH and lost $69,000 in the past hour.

Currently, his ETH short position has been reduced to US$87.06 million (22,271.47 ETH), with a floating profit of US$390,000. The opening price is US$3,926.95 and the liquidation price is US$3,964.83, which is only US$55 away from the mark price.

This is also the reason why he was partially liquidated/reduced his position even though he clearly chose the right direction. The account was in a rolling position state, and slight fluctuations in the currency price would affect the position fluctuations.