Whale reopens $100M ETH short after liquidation

A whale saw part of their 30,000 ETH short position liquidated earlier today after ETH rose above $3,700, according to @EmberCN on X. Following the liquidation, the trader added $3.32 million in USDC margin and reopened a 25x short position totaling 27,000 ETH ($100 million). The new position was opened at an average entry price of $3,637, with a liquidation price set at $3,828.