Trader Nets $7M Profit From Leveraged ETH and BTC Shorts, Expands Positions Amid Market Decline

According to Onchain Lens, a whale trader profited $7 million from Ethereum shorts using 25x leverage and Bitcoin shorts using 40x leverage amid a recent crypto market decline. The trader subsequently opened a short position in Monero with 5x leverage and increased their BTC short holdings to 1,640.74 BTC valued at approximately $149 million, alongside 31,093.37 ETH worth about $96.35 million. The moves reflect sustained aggressive short positioning in major cryptocurrencies during heightened volatility.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.