According to on-chain analytics platform Lookonchain (@lookonchain), address 0x049b opened a 20x leveraged short position approximately two hours ago, involving 428.73 BTC (approximately $29.62 million) and 13,852 ETH (approximately $29.13 million), with a total notional value of about $58.75 million. The position currently has an unrealized profit of over $1.15 million. The liquidation prices for these positions are: BTC at $72,409.98 and ETH at $2,226.62.
Whale Opens $58.75M BTC and ETH Short Position with 20x Leverage
TechFlowShare
Summary
A whale address (0x049b) opened a 20x leveraged short position in position trading, consisting of 428.73 BTC and 13,852 ETH, with a total notional value of $58.75 million. On-chain data from Lookonchain shows the position has a floating profit of over $1.15 million. The liquidation prices are set at $72,409.98 for BTC and $2,226.62 for ETH. The whale’s position sizing reflects a high-risk, high-reward strategy under current market conditions.
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