A whale address had a 15x leveraged short position on ETH that once had an unrealized profit of 14 million dollars, now turned into an unrealized loss of 7 million dollars.

BlockBeats news, on August 8, according to Onchain Lens monitoring, a whale address of a contract starting with 0xcb9 once had an unrealized profit of 14 million dollars in its recent ETH (15x) short position, but failed to close it.

Now, as the ETH price skyrockets, its short position has shifted from an unrealized profit of 14 million dollars to an unrealized loss of 7 million dollars, resulting in a total loss of 11 million dollars.