PANews reported on January 31 that, according to on-chain analyst Ai Yi, a "whale that opened short positions after the 1011 flash crash" reduced its holdings by 24,639.69 ETH in the past 20 minutes, worth approximately $62.88 million. This is the first time it has been liquidated since it opened long positions on December 7, 2025, resulting in a substantial loss of over $14.0626 million. This may have affected ETH, which briefly fell to $2,510, with the 24-hour decline widening to 8%. Currently, it still holds long positions worth $577 million, with a floating loss of $133 million.