According to a ChainCatcher report citing Lookonchain monitoring, a trader who previously profited $24.5 million by shorting 255 BTC has shifted from going long to shorting, and has opened leveraged short positions with 20x leverage, including: 464.28 BTC (worth $41 million), 6,606.66 ETH (worth $22 million), and 54,281 SOL (worth $7.8 million).
Trader Opens 20x Short Position on BTC, ETH, and SOL Worth $73.9M
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Summary
According to Lookonchain, a trader has opened 20x short positions on BTC, ETH, and SOL, totaling $73.9 million. The positions include 464.28 BTC ($44.1 million), 6,606.66 ETH ($22 million), and 54,281 SOL ($7.8 million). This follows a previous $24.5 million profit from shorting 255 BTC. Position trading strategies often rely on identifying key support and resistance levels to maximize returns.
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