Whale Dumps $100M ETH Short, Pivots to $13.4M Bitcoin Bet at 20x Leverage

An onchain trader has abandoned a $100 million ether short position after absorbing a $260,000 loss and immediately reversed course, opening a leveraged 20x long bet on bitcoin worth $13.43 million. Trader Flips From ETH Short to Leveraged Bitcoin Long A pseudonymous high- leverage trader closed a short position on ether ( ETH) worth over […]

via Shiraz Jagati