Data: "25x short ETH" whale reduces position again, raising the liquidation price to $2577, possibly related to Three Arrows Capital

ChainCatcher message, according to on-chain analyst @ai_9684xtpa monitoring, the "25x short on ETH" whale is rapidly reducing positions to avoid liquidation, currently still holding a 25x short position of 9923.29 ETH, worth 25.4 million USD, with the latest liquidation price at 2577 USD.

This address seems to be associated with Three Arrows Capital, having transferred funds to its FTX deposit address multiple times, and this is also the first operation after four years of dormancy.