CZ's counterparty, a whale, currently holds a $237 million long position with a floating loss of $40.3 million, and its ETH long position is once again on the verge of liquidation.

The whale who shorted ETH after CZ showed off his ASTER holdings last time was only $28 away from liquidation. Later, ETH rebounded, allowing him to recover from a floating loss of $44 million. However, because he did not close his position but added to it, as ETH fell back to $2,800, he is now very close to his liquidation price again, only $100 away.