A giant whale shorted 50.82 million dollars worth of ETH, cutting losses at 1.6 million dollars

ChainCatcher message, yesterday a whale used 5 million USDC to short 12,372 ETH, with a position value of 50.82 million dollars, cutting losses. The opening price was 4,112 dollars, the liquidation price was 4,427 dollars, and this morning it closed the short at 4,225 dollars, incurring a loss of 1.6 million dollars.