Recently, a large ETH short position held by a top address has experienced a significant increase in unrealized losses. The 21,820.69 ETH held by this address has an unrealized loss of $1.244 million. The current opening average price is $3,016.84, while the liquidation price is at $3,496.31. From the data, the safety margin between ETH price and the liquidation line is continuously shrinking. Such large positions' fluctuations often attract market attention, as every move by whales can potentially influence market sentiment.