Seeing an address adding to their ETH short position again in the past half hour, this time they increased to 18,875.18 ETH, with a market value of $57.32 million. The average opening price for this operation was $3,011.83. Based on the current price, they are already at an unrealized loss of $476,000. However, on the other hand, this whale has earned $537,000 from funding fees during this period, basically breaking even. The trading costs and fee income are roughly balanced, so it looks like this order didn't lose too much.