3AC Whale Adjusts $25.4M ETH Short Position, Raising Liquidation Price

A significant move by a whale connected to Three Arrows Capital has raised concerns about systemic risks in the Ethereum market. The whale adjusted their previously large short position, downsizing it from 41,851 ETH to just under 10,000 ETH. This adjustment also resulted in an increase of the liquidation price for this position to $2,577. Analysts believe this action could trigger further market volatility, especially given the volatile nature of Ethereum and its related assets.