"The Silver Iron Head Air Force" entered with nearly 20 million ETH short positions and placed sell orders of the same size above $2180 to pressure the market.

BlockBeats message, April 1, according to Hyperinsight monitoring, over the past half hour, the whale focused on shorting, “Silver Iron Head Air Force,” opened a 20x leveraged ETH short position, with an average price of 2136 USD. The position size reached 9,353 ETH, about 19.92 million USD, with unrealized profit of 60,000 USD (6%).

Meanwhile, this address has already placed preset sell orders in the price range of 2180 to 2300 USD. If the ETH price rises to touch this range, it plans to add short positions in batches of about 20 million USD, to further pressure the short with a higher average entry price. The two rounds combined would bring the potential short position size to nearly 40 million USD