Are you an idiot? They transferred the coins back to their wallet from the exchange, why don't you mention that? You must be dumb to be stuck in a short position.

The cryptocurrency market experienced a dramatic turn last night: Ethereum co-founder Jeffrey suddenly transferred $260 million worth of ETH to an exchange for liquidation, while a mysterious whale used $800 million in funds to go long on BTC with 40x leverage. Meanwhile, the signals released by the Federal Reserve regarding monetary policy have further shrouded the market in uncertainty. This complex interplay of insider trading, leveraged speculation, and macro policy is pushing the market towards a critical decision point.
Ethereum founder's liquidation: Another warning from the peak-escape master?
On-chain monitoring data shows that Jeffrey transferred all remaining 78,000 ETH (worth about $260 million at current prices) from his wallet to Kraken exchange at 21:43 UTC on May 22. This operation caused a violent market reaction because his historical operational trajectory can be described as a "textbook case of precise peak escape": six months ago, he sold 20,000 ETH when it was at $3,700, and a year ago, he transferred out 10,000 ETH when it was at $3,800, both times selling accurately at the upper range of the stage peak.