Ethereum Short Position on Large Scale with High Leverage

There is a notable short position on Ethereum (ETH) involving approximately 7,000 ETH, entered at a price of around $2,820.42, with a liquidation level set at about $3,316.85. The position is leveraged at 20x using cross margin mode, with a margin balance of nearly $987,000, and a total position value exceeding $19.7 million. Currently, there is an unrealized profit of roughly $5,754.62, and no funding fees have been accumulated.