According to Lookonchain, whale 0x049b opened 20x leveraged short positions on 428.73 BTC and 13,852 ETH, with a combined notional value of about $58.75 million. As of March 19, the positions were showing more than $1.15 million in unrealized profit. Lookonchain listed liquidation prices at $72,409.98 for Bitcoin and $2,226.62 for Ethereum, indicating the trade was highly leveraged and exposed to sharp market moves.