Whale short-sells 428.73 BTC and 13,852 ETH with 20x leverage, securing over $1.15M in profit

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A whale at address 0x049b executed a short trade on March 19, selling 428.73 BTC and 13,852 ETH with 20x leverage in a high-risk leveraged position. The BTC short is valued at $29.62 million, and the ETH short at $29.13 million, with current profits exceeding $1.15 million. Liquidation levels are set at $72,409.98 for BTC and $2,226.62 for ETH. The trade appears to target key market support and resistance levels.

BlockBeats news, on March 19, according to Lookonchain monitoring, the whale 0x049b took a 20x leveraged short position two hours ago on 428.73 BTC (worth $29.62 million) and 13,852 ETH (worth $29.13 million), and is currently showing an unrealized profit of over $1.15 million.

Liquidation price:
BTC: $72,409.98;
ETH: $2,226.62

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