Whale Investor Faces Losses After Leveraged Crypto Short Positions

A prominent whale investor, known for rapid trading shifts, has incurred significant losses after taking leveraged short positions in Bitcoin and Ethereum. According to ChainCatcher, the investor, identified by the address 0x50b30, utilized a 20x leverage to short 684.54 BTC at an average price of $87,428.6, resulting in an unrealized loss of $700,000. Additionally, the investor employed a 25x leverage to short 10,112.2 ETH at an average price of $2,898.77, leading to an unrealized loss of $339,000. This investor is recognized for swiftly reversing positions, often executing large-scale trades immediately after closing previous ones.