Gate News bot message, A cryptocurrency whale trader has closed a leveraged position in Ethereum, recording a substantial loss of $35.39 million. The trader had maintained a 15x leveraged long position in ETH. Following this closure, the trader has established a new short position in Bitcoin with 25x leverage, involving 1,106.93 BTC, equivalent to $122.6 million in value.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Major Crypto Whale Shifts from ETH Long to BTC Short Position with $35.39M Loss
Gate News bot message, A cryptocurrency whale trader has closed a leveraged position in Ethereum, recording a substantial loss of $35.39 million. The trader had maintained a 15x leveraged long position in ETH. Following this closure, the trader has established a new short position in Bitcoin with 25x leverage, involving 1,106.93 BTC, equivalent to $122.6 million in value.