A whale opened a 40x BTC short position at 3 a.m. and spent $4 million to buy ETH

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On June 13, according to on-chain analyst Ai Yi (@ai_9684xtpa), before opening a BTC 40x short position at 3 AM, he spent 4 million USDC to buy 1,461.63 ETH at an average price of $2,736.67, and is currently experiencing an unrealized loss of $392,000.

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