According to Onchain Lens (blockchain analytics tracker), the trader exited long positions at a $4.83 million loss before opening a 940 Bitcoin short using 30x leverage.
A trader identified as Whale Evaded closed long positions in ZEC and Bitcoin at a reported $4.83 million loss, then shifted direction by opening a 940 Bitcoin short position valued at $71 million, according to Onchain Lens (blockchain analytics tracker). The position uses 30x leverage, a structure that amplifies both potential gains and losses. The source also said the trader’s cumulative losses exceeded $3.69 million.