$6.4M Loss on ETH Short Position

A $65 million ETH short position opened with 25x leverage reached a loss of -$6.4 million as the price rallied.

📉 30-day total loss: -$24.3M

📈 Partial recovery in the last 24 hours: +1.45M

The position is still open.

Do you think this position is a strategic hold or a risk that will increase over time?