TechFlow news, on May 19, according to monitoring by analyst Yujin, this address opened a short position worth approximately $103 million in Ethereum at 25x leverage when the price was $2,514. Subsequently, due to market movements going against expectations, the position suffered consecutive stop-outs, ultimately resulting in a loss of about $2.46 million upon liquidation.
Notably, after closing the Ethereum short position, the trader immediately turned to the Bitcoin market, opening a long position of 166 Bitcoins at 40x leverage priced at $106,580, valued at approximately $17.6 million, with a liquidation price at $105,510.
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