According to Lookonchain and Onchain Lens, whale 0x50b3 opened sizable leveraged positions across Bitcoin, Ethereum and Dogecoin, with reports differing on whether the Ethereum trade was short or long.
Blockchain analytics accounts Lookonchain and Onchain Lens reported large leveraged crypto positions tied to a whale identified as 0x50b3. Lookonchain said that on May 17 the trader opened a 25x leveraged short on 23,151 ETH worth $50.55 million and a 20x leveraged long on 323.72 BTC valued at $25.27 million. Onchain Lens separately reported 20x leveraged long positions in 1,182 BTC and 4,600 ETH, plus a 10x leveraged long in 19.47 million DOGE. The reports indicate aggressive, high-risk directional bets across major digital assets, but they conflict on the size and direction of the Ethereum position and on the Bitcoin exposure.