A new address has taken a short position on both $ETH and ENA, currently facing an unrealized loss estimated at around $1.44 million. This position indicates a bearish outlook on the performance of these cryptocurrencies. The unrealized loss reflects the current market conditions and the value of the assets held in the short position. As the market fluctuates, the potential for recovery or further losses remains uncertain for this address. Investors often engage in short selling as a strategy to profit from declining asset prices, but it carries inherent risks.
