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TechFlow News: On June 15, on-chain analyst Lookonchain (@lookonchain) reported that a trader who previously lost $3 million betting long on Bitcoin re-entered the market ten days later. Today, the trader attempted to short Bitcoin but failed, incurring an additional loss of $360,000. Subsequently, the trader switched to a long position on Ethereum, opening a 5x-leveraged long position of 31,956 ETH, valued at approximately $54.98 million.
According to on-chain analyst Lookonchain (@lookonchain), a trader who previously lost $3 million betting long on Bitcoin re-entered the market 10 days later. Today, the trader attempted to short Bitcoin but failed, incurring an additional loss of $360,000. Subsequently, the trader switched to a long position on Ethereum, opening a 5x-leveraged long position worth 31,956 ETH, valued at approximately $54.98 million.
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