After closing a position for a $4.4 million profit, a whale reopened a position—shorting $70.2 million worth of BTC and ETH with 20x leverage.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale who previously shorted BTC, ETH, and SOL with 20x leverage over the past four days—earning $4.4 million—has re-entered the market after closing that position, opening new 20x-leveraged short positions: 912.9 BTC (approximately $54.55 million) and 10,025 ETH (approximately $15.65 million), totaling a short exposure exceeding $70 million.
