Trader Closes $100M ETH Short With $260K Loss, Goes Long 175 BTC on 20x Leverage

ETH-0.98%
BTC-0.93%
According to Lookonchain monitoring, a trader who opened a $100 million short position on Ethereum yesterday has closed the position with a $260,000 loss. The trader subsequently went long, opening a 20x leveraged long position on Bitcoin with 175.04 BTC (valued at $13.43 million).
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