According to CoinMeta, as reported by Lookonchain, a certain address has opened a short position with 3x leverage on Ethereum, amounting to 17.26 million Ether (about 11.6 million US dollars), and is currently suffering a loss of 2.38 million US dollars. At the same time, this address has also opened a short position with 3x leverage on $cashcat, amounting to 22.5 million US dollars (about 6.18 million US dollars), and is currently incurring a loss of 970,000 US dollars.