Giant Whale Address 0xcab opens $4.9 million ETH short position, with extremely narrow clearing line

On April 2nd, Hyperinsight monitoring showed that address 0xcab attempted to buy ETH at the bottom twice before closing out the position, resulting in a cumulative loss of approximately $17000. Subsequently, the address opened a 25 times leveraged ETH short position in the past half hour, with a position size of 4.89 million US dollars, an average opening price of 2033 US dollars, and a clearing price of 2076 US dollars, about 2% from clearing. The current floating loss is about $11000 (-5%).