A whale trader opened a large leveraged BTC short while holding DASH shorts, facing heavy cumulative losses despite selective gains.
On February 28, Onchain Lens reported that a whale trader opened a 40x leveraged BTC short position worth $34.3 million, totaling 521.69 BTC. The trader simultaneously held a DASH 5x short position with $4 million in unrealized profit. Despite this gain, the address has a cumulative realized loss exceeding $33.64 million, highlighting the volatility and risk inherent in large-scale leveraged crypto trading.