A whale suffered 17 consecutive short losses totaling $5.3 million, but realized a profit of $48,000 after switching to long positions and closing them out.
According to on-chain analytics platform Lookonchain (@lookonchain), trader 0x004e previously experienced 17 consecutive failed short attempts on $BTC and $ETH, resulting in cumulative losses of $5.3 million. About an hour ago, the trader shorted $BTC again and quickly closed the position, securing a profit of $48,000 and marking their first profitable trade.
