According to data from on-chain analysis application Watchers, Frog Nation’s former chief financial officer 0xSifu holds a short position of approximately US$21 million in Ethereum on the Synthetix perpetual contract.
The current contract market price of Ethereum is US$1,833, while the average position price of 0xSifu is US$1,643, resulting in a floating loss of nearly US$2.22 million.
Currently, 0xSifu still has a margin of approximately US$1.64 million to maintain the position. If the market price continues to rise to US$1,926, its position will face the risk of being liquidated.