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A whale lost $360,000 after a failed BTC short position and switched to a 5x leveraged long position on ETH
Svmuu News: According to Lookonchain’s monitoring, the whale that previously lost approximately $3 million on a long BTC position has re-entered the market after a 10-day hiatus. Today, the whale attempted to short BTC but the trade failed, resulting in another loss of approximately $360,000. Subsequently, the whale shifted to the ETH market, opening a 5x leveraged long position and purchasing 31,956 ETH, with the position valued at approximately $54.98 million. Currently, the whale has switched from BTC to an ETH long position, and the market is closely watching the performance of its high-leverage operations.
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