A whale address shorted ETH with 15x leverage, once reaching a peak profit of $14 million. It is now facing a loss of $7 million.

BlockBeats News, August 8th, according to On-chain Lens monitoring, the whale address with the contract starting with 0xcb9 was once at a $14 million unrealized profit in its recent ETH (15x) short position, but failed to close the position.

Now, with the surge in ETH price, its short position has transitioned from a $14 million unrealized profit to a $7 million unrealized loss, resulting in a total loss of $11 million.