Data: A whale address short over $58 million worth of Bitcoin and Ethereum with 20x leverage.

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According to ChainCatcher, an on-chain analytics platform, address 0x049b opened a 20x leveraged short position approximately two hours ago, involving 428.73 BTC (approximately $29.62 million) and 13,852 ETH (approximately $29.13 million), with a total notional value of approximately $58.75 million. The current unrealized profit exceeds $1.15 million.

The liquidation prices for the above positions were: $72,409.98 for BTC and $2,226.62 for ETH.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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