In another round of fluctuation in the Crypto Assets market, Ethereum (ETH) has shown remarkable resilience. Early in the morning, ETH suddenly rebounded, reaching a much-watched price point. This trend led to the liquidation of a large short positions held by a well-known trader, with approximately 10,080 ETH (valued at about $40.76 million) being liquidated.

This trader originally held 70,000 short positions of ETH, but after experiencing multiple liquidation events and actively reducing their position, they currently have only about 12,500 ETH left. It is worth noting that their latest liquidation price is set around $4,095.

Looking back at this trader's operations, he started to establish short positions in ETH on July 28. On August 3, he once had a floating profit of about 12.25 million dollars. However, due to failing to take profits in time and instead opting for continuous rolling operations, the situation ultimately reversed completely. Not only were all previous profits given back, but he also accumulated losses of about 19 million dollars.

This event once again highlights the high fluctuation of the crypto assets market and the importance of risk management when conducting large-scale transactions. For ordinary investors, this is undoubtedly a warning: even experienced traders can suffer severe losses during extreme market fluctuations.

With the continuous development of the Ethereum ecosystem and the upcoming network upgrade, market attention on ETH may further increase. Investors participating in trading need to fully recognize market risks, set stop-loss and take-profit levels reasonably, and always follow market trends.