Cumulative liquidation value reaches $43.9 million, a certain address shorting ETH got liquidated 13 times

According to Lookonchain monitoring, a certain address was created 9 days ago and began shorting ETH after depositing $1.25 million USDC. Since then, this address has been liquidated 13 times, with a cumulative 18,080 ETH, worth $43.9 million, in positions liquidated, and incurred a loss of $1.14 million.