A trader opened a 5x leveraged long position of 32,000 ETH, with a position value of approximately $54.98 million.

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.