[An Address with 20x Leverage Shorting ETH Faces $4.49M Unrealized Loss] According to on-chain analysts, an address using 20x leverage to short ETH is now facing an unrealized loss of $4.49 million. Four hours ago, the address deposited $3.2 million USDC into Hyperliquid as margin and subsequently increased the short position to 8,000 ETH, with an entry price of $3,547.73 and a liquidation price of $4,522. As of now, the address has earned $1.69 million through funding fees.